Listed by Century 21 Broughton Team
$375,000
1329 Broadway
Details
Property Type Special Purpose
Sub Type Other
Cap Rate 9.92%
NOI $37,200
Occupancy 100%
Year Built 1900
Acreage 0.142
Zoning Commerical
Ownership Private
Turn-Key Billboard Business generating thousands per month at only 12% capacity + upscale building!
Marketing description
Fully updated and move-in ready, this high-visibility commercial building offers unmatched exposure sitting on one of Hannibal's busiest traffic corridors, Broadway! Inside, you'll find high end & versatile office space that practically every single inch of has been quality renovated. Additional upgrades include new Central AC and a forced air gas furnace, security surveillance system, plus a freshly poured 72'x24' concrete parking lot with 6 dedicated spaces. The basement level of this property expands your possibilities, offering 2 drive-in garage doors plus 2 additional storage bays which are ideal for inventory, workshop space, or fleet vehicle parking. If "location, location, location" had a definition, it would be this building!
Listing Contacts
Listed by Century 21 Broughton Team
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$37,200.00
$3,100.00/mo
Valuation Metrics
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DSCR
9.92%
Cap Rate
9.92%
ROI
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