Listed by Nathan Levin Co
$900,000
Flatiron Building on Fairgrounds
Details
Property Type Retail
Sub Type Storefront
Square Footage 5,000
Net Rentable (SqFt) 5,000
Units 3
Tenancy Vacant
Lease Type NNN
Pro-Forma Cap Rate 7.33%
Pro-Forma NOI $66,000
Price per SqFt $180
Broker Co-Op Yes
Class C
Year Built 1948
Year Renovated 2017
Zoning MU II
Ground Lease No
Retail building with frontage on Fairgrounds Rd. Zoned Mixed Use II
Marketing description
This building offers 2 current tenant spaces, bow string trussed roof makes for a clearspan potential for reconfiguration and has 3 phase power in the shop bay along with a new roof in 2020.
Investment highlights
Contract sale terms available!
Multiple tenant spaces.
Popular north Salem neighborhood.
Listing Contacts
Listed by Nathan Levin Co
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