Price Improvement!! Shopping Center for Sale
Retail | 6.33% CAP | 81,440 SF
Marketing description
This shopping center is a shopping destination for the folks of Buchanan County. There is very little retail in the area which will help this property remain stable. This is a great investment property that you should not overlook. This is a beautiful part of the country located in the heart of coal country. The buildings are in good repair and are easily maintained as they are mostly metal buildings with metal roofs.
There is plenty of room in the parking lot area for more construction if desired.
Investment highlights
The two multi-tenant buildings are fully occupied with long term tenants. The large 24,000 square foot freestanding building is currently unoccupied and has not been marketed outside of the area. It is a great building that could be turned into climate controlled self-storage or leased to a retail business. The NOI is approximately $20,275 per month and $243,300 per year. Those numbers are with the bank building and the 24,000 square foot building being unoccupied.
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