Listed by McAllister & Associates
$11,300,000
St. Elmo Redevelopment Site
Details
Property Type Retail, Multifamily
Sub Type Auto Shop, Commercial
Square Footage 20,800
Cap Rate 2.92%
NOI $330,420
Occupancy 100%
Buildings 4
Stories 1
Acreage 1.730
Zoning (CS-MU-CO-NP)
St. Elmo Redevelopment Site
Marketing description
This assemblage consists of 3 cash flowing properties with an annual NOI of approximately $330,420. A 68-unit self storage facility, a Lamb's Automotive Shop, and an owner-operated equipment rental business. Please inquire for more details on income/leases in places. This assemblage is in an ideal location for a multi-family, grocery, hospitality, or mixed-use redevelopment. Current zoning (CS-MU-NP) allows for 60ft of height, while a rezone to CS-MU-V-DB90-NP allows 90ft of height.
Listing Contacts
Listed by McAllister & Associates
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$330,420.00
$27,535.00/mo
Valuation Metrics
0
DSCR
2.92%
Cap Rate
2.92%
ROI
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