Description
$60K Price Reduction. New retail lease just signed. The property features two retail spaces in the front, two one bedroom units on the 2nd floor, and two studios (one on first floor, one on the second floor). One of the units has been fully updated with quartz counters and stainless steel appliances. The current east side retail tenant, has officed out of this location for 20+ years and is mtm. The property features a large warehouse space in the rear of the building with two 18 feet wide x 12 feet tall garage doors (13 foot bay) and one 12 foot wide by 12 foot tall garage door with additional office space. The total space of the entire warehouse and office is ~1900. Outside of the garages, there are 6 exterior spots on the side of the property. The location is approximately 1 mile south of I-90 access and you're directly across from Ridgemoor County Club. Proforma $109,080 rent per year is an 8%+ CAP rate. Very rare opportunity to find in this submarket.
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0BEDS
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N/AACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
$60K Price Reduction. New retail lease just signed. The property features two retail spaces in the front, two one bedroom units on the 2nd floor, and two studios (one on first floor, one on the second floor). One of the units has been fully updated with quartz counters and stainless steel appliances. The current east side retail tenant, has officed out of this location for 20+ years and is mtm. The property features a large warehouse space in the rear of the building with two 18 feet wide x 12 feet tall garage doors (13 foot bay) and one 12 foot wide by 12 foot tall garage door with additional office space. The total space of the entire warehouse and office is ~1900. Outside of the garages, there are 6 exterior spots on the side of the property. The location is approximately 1 mile south of I-90 access and you're directly across from Ridgemoor County Club. Proforma $109,080 rent per year is an 8%+ CAP rate. Very rare opportunity to find in this submarket.
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