Graham Corner Office and Lots
PRIME LOCATION | LARGE CORNER LOT | OFFICE | HIGH TRAFFIC EXPOSURE!
Marketing description
Sheetz moved in across the street due to the very busy intersection.
New commercial construction is going on at the adjacent corner. The area is building up fast.
The three combined lots give the owner a large lot with lots of TRAFFIC EXPOSURE.
The building was renovated a few years ago with new flooring, new HVAC, a large 20x20 conference room, new paint inside and out, etc. It is move in ready for the right tenant or could be a great investment property.
The house on the right side of the property is available for rent and produces roughly $1,200 per month income. The house behind the office is used for overflow storage. It is not suitable for habitation.
The value is in the main building and the land/location. A brand-new 300+ unit housing development is under construction behind the office. This should significantly increase the population density of this area even further.
Investment highlights
This is a one owner building and has only served ComTech Network Solutions.
We built it for our growing business and we have outgrown the building.
The surrounding land and buildings were purchased with expansion in mind.
Since our business is no longer retail focused, it makes more sense to liquidate the property and move to another more suitable location with less traffic.
For a business that relies on high traffic areas (retail, restaurant, gas station, etc.) this is a PRIME LOCATION.
The immediate area is still growing. Sheetz determined the demographics I just described made sense because they built right across the street from this property. The rent collected is not a fair value of the space since ComTech only pays enough rent to the property owner to cover the expenses - same owners. A new owner should be able to get market rates if they do not choose to occupy the space themselves.
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