Listed by CRS, Commercial Real Estate Services
$1,495,000
Downtown Plymouth Penniman Ave the Main street
Details
Property Type Retail
Sub Type Restaurant, Storefront
Square Footage 3,133
NOI $125,330
Pro-Forma NOI $125,320
Year Built 2006
Year Renovated 2024
Buildings 1
Stories 3
Zoning Downtown Business District
Retail | 3,133 SF
Marketing description
Rare opportunity to purchase investment real estate in downtown Plymouth. The opportunity is a purchase of a commercial condo unit street level building part of a mix used building with luxury condos. Located with convenient street parking and parking deck in the rear. Property includes an operating salon with 20 stations established for 20 years. The building to be purchased with the business or re-tenanted with long term lease terms. Own a piece of the Plymouth business district nationally recognized for its downtown success..
Property taxes $18,377
Association dues $ 4500 a year includes building insurance and exterior maintenance\
Listing Contacts
Listed by CRS, Commercial Real Estate Services
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$125,330.00
$10,444.17/mo
Valuation Metrics
0
DSCR
8.38%
Cap Rate
8.38%
ROI
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Property History
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