
Description
SELLER IS MOTIVATED- UP TO $100,000.00 CONCESSION AND/OR PRICE REDUCTION! Seller is willing to do some "build to suit" re-hab as an alternative, as well. Let's get creative...BRING US AN OFFER. Your business could be based out of this high visibility location (traffic count = 13360 vehicles/day on average)! If you can't use all of the space rent it out and offset your business expenses...or invest in the building. When building is fully utilized as a rental with qualified tenants it will make a tidy profit. The property consists of appx. 7759 square feet Gross Building Area (GBA). There are 2 buildings on the property- an office building consisting of approximately 4559 Square Feet and a light industrial building with 3200 total rentable square feet in 2 units. The light industrial building has propane heat and one unit has 3-phase electrical. Unit #1 in the light industrial building has a large mezzanine. All of this on 1.38 Acres. Potential/Pro-forma rate of capitalization= 9.9% Pro-forma ROI without Appreciation = ~24.01% and with modest appreciation of 1.5% annual over 30% ROI May be potential for value - add by adding additional pole-barn type structures to the lot and offering them for rent or renting space on the lot for shrink wrapped boats or?
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0BEDS
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1.38ACRES
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2BATHS
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01/2 BATHS
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4,559SQFT
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$131$/SQFT
School Ratings & Info
Description
SELLER IS MOTIVATED- UP TO $100,000.00 CONCESSION AND/OR PRICE REDUCTION! Seller is willing to do some "build to suit" re-hab as an alternative, as well. Let's get creative...BRING US AN OFFER. Your business could be based out of this high visibility location (traffic count = 13360 vehicles/day on average)! If you can't use all of the space rent it out and offset your business expenses...or invest in the building. When building is fully utilized as a rental with qualified tenants it will make a tidy profit. The property consists of appx. 7759 square feet Gross Building Area (GBA). There are 2 buildings on the property- an office building consisting of approximately 4559 Square Feet and a light industrial building with 3200 total rentable square feet in 2 units. The light industrial building has propane heat and one unit has 3-phase electrical. Unit #1 in the light industrial building has a large mezzanine. All of this on 1.38 Acres. Potential/Pro-forma rate of capitalization= 9.9% Pro-forma ROI without Appreciation = ~24.01% and with modest appreciation of 1.5% annual over 30% ROI May be potential for value - add by adding additional pole-barn type structures to the lot and offering them for rent or renting space on the lot for shrink wrapped boats or?
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