200 North Highway 287
Property contains 4 buildings on property.
Marketing description
This multi-building commercial property features four total buildings, offering immediate income with long-term upside. Three of the four buildings are currently leased, providing stable cash flow, while all existing leases expire by the end of 2026 creating a strategic opportunity for a new owner to renegotiate terms, increase rents, or reposition the asset to maximize returns. One building is currently vacant, presenting flexibility for an owner-user seeking operational space or an investor looking to secure an additional tenant and increase overall income. Ownership is actively pursuing a tax abatement, which could significantly reduce property taxes for the next owner, further enhancing net operating income and long-term value.
Investment highlights
This multi-building commercial property features four total buildings, offering immediate income with long-term upside. Three of the four buildings are currently leased, providing stable cash flow, while all existing leases expire by the end of 2026 creating a strategic opportunity for a new owner to renegotiate terms, increase rents, or reposition the asset to maximize returns. One building is currently vacant, presenting flexibility for an owner-user seeking operational space or an investor looking to secure an additional tenant and increase overall income. Ownership is actively pursuing a tax abatement, which could significantly reduce property taxes for the next owner, further enhancing net operating income and long-term value.
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