STATUS: ACTIVE,
,
YEAR BUILT: 1970, MLS #: A10572872, TAX YEAR: 2018
This freestanding retail building consists of 2,700 square feet of leasable space well situated on a large 11,126 square foot lot. This property is currently occupied by 2 long term tenants. The current gross rent is $36,660 per year netting $26,925 per year. When both tenants are increased to market rents the gross potential income will be $49,800, netting $40,065 per year on a pro-forma basis. This income will provide an investor with a strong 7.43% capitalization rate at a full asking price. This property can also work for an owner user, who can occupy 1,200 sf right away. One tenant is month to month, the other tenants lease expires in September 2019.Call for additional information and please remember to not disturb exiting tenants.
AMENITIES: LOT SIZE BETWEEN 1/4 AND 1/2 ACRE,
|
