$1,695,000
8814, 8802, 8726 E Sprague Ave
Details
Property Type Land, Mixed Use
Sub Type Auto Shop, Commercial
Square Footage 8,400
Units 2
Cap Rate 0.59%
NOI $10,000
Occupancy 100%
Tenancy Multi
Lease Type NNN
Lease Options Potential Seller Lease Back for Investor
Price per SqFt $202
Broker Co-Op Yes
Year Built 1957
Year Renovated 1991
Buildings 2
Stories 1
Lot Size (SqFt) 60,984
Zoning Commercial
Investment Type Owner/User
Ground Lease No
Sale Condition Sale for leaseback
Land | 60,984 SqFt
Marketing description
Many Possible Uses for this Property on 3 Parcels! Could be Re-developed and the Seller May Separate Parcels for the Right Deal. Past or Current Uses Include Car Dealership, Detail and Service Shop. Two Separate Units. The Main Building has a Large Showroom, Service Bays, Reception Area, and Offices. The Detail Shop Currently Pays $3000 per month for Parcel on West End. Seller could lease back. The Main Property is Seller Occupied. The Property also Includes Two shops (60x100 and 40x30) and Paved Parking.
Investment highlights
3 Parcels
2 Buildings, plus two Shops
Current Tenant Use is Car Dealership and Service Shop
Could Be Redeveloped for Different Possibilities
Leases are Monthly, Could Continue to Lease to Tenants
Large Paved Parking Lot
Listing Contacts
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$10,000.00
$833.33/mo
Valuation Metrics
0
DSCR
0.59%
Cap Rate
0.59%
ROI
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Property History
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