Callahan Blandings & Schap
Callahan Blandings & Schap
Listed by Callahan Blandings & Schap
$1,350,000
2424 Washington St.
Details
APN 08200103600000
Property Type Retail
Sub Type Storefront, Retail/Stores
Square Footage 32,305
Cap Rate 7.52%
NOI $101,508
Price per SqFt $42
Year Built 1960
Buildings 1
Lot Size (SqFt) 94,090
Zoning COMMR
Sale Condition For sale by owner
Retail | 7.52% CAP | 32,305 SqFt
Marketing description
Opportunity Knocks! The availability of this 32,305 sf building on 2.16 acres, with 5 road cuts, located at a stoplight hard corner with approximately 31,000 vehicles per day offers a wonderful circumstance for an owner/user or investor! Substantial demographics within a 3 mile radius include a population approaching 110,000 with an average household income in excess of $90,000 per year. The median age of this site's population in this set is 33.8, 5.3 years below the national median age of 39.1. With a "going in" capitalization rate of 7.52, and approximately 6000 sf of vacant available space, the upside potential of this investment is terrific!
Listing Contacts
Callahan Blandings & Schap
Callahan Blandings & Schap
Listed by Callahan Blandings & Schap
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$101,508.00
$8,459.00/mo
Valuation Metrics
0
DSCR
7.52%
Cap Rate
7.52%
ROI
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