Exit Real Estate Specialists
Listed by Exit Real Estate Specialists
$1,200,000
1513 S State Street
Details
APN 1104233230050000
Property Type Retail, Office
Sub Type Storefront, Medical Office
Units 4
NOI $40,200
Year Built 1987
Lot Size (SqFt) 3,555
Zoning COMMR
Retail
Marketing description
Corner 4-unit retail plaza located at the high-traffic intersection of State St and Division St in Lockport. Two units currently leased to established tenants - a popular pizza restaurant and a neighborhood liquor store. A mix of occupied and vacant units ideal for immediate income + future upside. High visibility, easy access, ample parking and stable surrounding businesses create the perfect location for long-term investment success. Great potential for owner-user or investor. Strong traffic counts and growing area make this a solid long-term asset. Two units are vacant and can typically be shown at any time with appointment. Two units are occupied and access depends on customer traffic and business activity-availability may vary. Second PIN 1104233230040000 holds other three properties 1525, 1527, 1529 S. State St. 9, 048 sq. ft.
Listing Contacts
Exit Real Estate Specialists
Listed by Exit Real Estate Specialists
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$40,200.00
$3,350.00/mo
Valuation Metrics
0
DSCR
3.35%
Cap Rate
3.35%
ROI
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