

Listed by REMAX EDGE
$2,980,000
8510 Bay 16th Street
Details
Property Type Office, Retail
Sub Type Traditional Office, Bar
Square Footage 7,311
Cap Rate 0.05%
NOI $134,546
Year Built 1996
Stories 2
Lot Size (SqFt) 3,927
Ceiling Height Varied Height
Office | 0.05% CAP | 7,311 SqFt
Marketing description
Rare-find commercial building built in 1996 with C1-2/R5 overlay zoning, currently fully occupied by 5 commercial tenants: a long-established dental office on the 1st front, a construction company office on the 1st floor rear, a limousine service company on the 2nd floor front, a dental lab on the 2nd floor rear, and a usable basement occupied by a spice company. The building measures approximately 30×103 ft (about 3,111 SF) on the first floor, with the second floor and basement each approximately 30×70 ft, for a total of roughly 7,311 SF, situated on a 38×103 ft lot with a private driveway. Additional features include an elevator from the basement to the top floor, 4 separate entrances, and 5 separate water heaters along with 5 independent HVAC systems. This is an excellent investment opportunity generating approximately $191,400 in annual income with an NOI of $134,546, offering strong upside potential for future income growth.
Listing Contacts


Listed by REMAX EDGE
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$134,546.00
$11,212.17/mo
Valuation Metrics
0
DSCR
4.51%
Cap Rate
4.51%
ROI
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Name
License
Brokerage
Title
Brokerage Address
Is there information that looks off?
















































