Listed by Launch Real Estate
$950,000
507 E Broadway
Details
APN 113-37-083A
Property Type Retail
Sub Type Auto Shop
Square Footage 1,804
Units 1
Cap Rate 6%
NOI $57,000
Tenancy Single
Lease Type Net
Lease Term 3
Lease Expiration 12/31/2025
Lease Options no
Price per SqFt $527
Broker Co-Op Yes
Year Renovated 2022
Buildings 1
Stories 1
Lot Size (SqFt) 13,650
Zoning C3
Investment Type Net Lease
Lease Commencement 01/01/2023
Ground Lease No
Retail | 6.00% CAP | 1,804 SqFt
Marketing description
Prime Investment with Rare C-3 Zoning. Excellent opportunity to acquire a high-visibility commercial property generating strong income with a 6% cap rate. The 1,814 SF building is leased to an established auto repair tenant at $5,500/month, providing stable cash flow. Property has been recently remodeled and features a new roof, minimizing near-term capital expenses. Includes three exterior service bays with two lifts and ample parking. Located in a busy corridor with highly desirable and hard-to-find C-3 zoning, allowing for a wide range of commercial uses and long-term flexibility for investors or future redevelopment.
Investment highlights
C-3 Property
New Roof
Fully Leased
Listing Contacts
Listed by Launch Real Estate
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$57,000.00
$4,750.00/mo
Valuation Metrics
0
DSCR
6%
Cap Rate
6%
ROI
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