Listed by Keller Williams Realty Atlantic Partners Southside
$1,375,000
SR 200 Commercial Service Lot
Details
Property Type Land, Mixed Use
Sub Type Outside Storage, Sales office
Square Footage 2,158
NOI $52,890
Occupancy 100%
Tenancy Single
Lease Expiration 01/31/2026
Price per SqFt $637
Class C
Year Built 1966
Year Renovated 1989
Buildings 1
Stories 1
Acreage 6.050
Tenant Credit Credit Rated
Ground Lease No
Ownership private
Land | 6.05 acres
Marketing description
Commercial Lot with great street frontage, street signage, small office, and outside storage. The lot also has a metal storage shed next to the outside storage lot.
Investment highlights
The existing tenant has very favorable signage directly on SR 200 and a commercial service lot for a pest control tenant. This listing has the potential for redevelopment. Prior to this, the existing tenant must be given notice of the landlord's intention to terminate. This notice must be provided to the tenant 6 months prior to the effective termination date, pursuant to the lease renewal.
Listing Contacts
Listed by Keller Williams Realty Atlantic Partners Southside
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$52,890.00
$4,407.50/mo
Valuation Metrics
0
DSCR
3.85%
Cap Rate
3.85%
ROI
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