Listed by Millennium Properties R/E
$649,000
For Sale: Retail on Heavily Traffificked Belmont Avenue
Details
Property Type Retail
Sub Type Storefront, Shopping Center
Square Footage 4,892
Units 5
NOI $94,000
Occupancy 100%
Tenancy Multi
Price per SqFt $133
Stories 1
Lot Size (SqFt) 10,019
Zoning B3-1
Investment Type Stabilized
For Sale: Retail on Heavily Traffificked Belmont Avenue
Marketing description
Well-located on Belmont Avenue just east of Long Avenue, this 4,892 SF single-story retail property is available for sale. The building is comprised of five retail storefronts, two have been recently combined. The facade has been recently updated with new windows that provide excellent visibility and curb appeal.
The Belmont Cragin community has benefited from steady growth in population and renewed investment. Local businesses enjoy a strong residential consumer base, great public transportation, and quick access to the Expressway.
Investment highlights
- 4,892 SF retail property
- Fully leased neighborhood retail with strong tenant base
- Strong cash flow, projected NOI over $94,000
- Just east of the intersection at Belmont and Long Avenues
- Ample parking in rear
- Excellent visibility
- Land Area: 10,019 SF
- Traffic Count: 15,701 vehicles daily
- Nearby businesses include XSport Fitness, Tony's Fresh Market Walgreens, Subway, T-mobile, several shops and restaurants
- Zoning: B3-1
Listing Contacts
Listed by Millennium Properties R/E
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$94,000.00
$7,833.33/mo
Valuation Metrics
0
DSCR
14.48%
Cap Rate
14.48%
ROI
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