Listed by KW One Legacy Partners
$100,000
617 S Topeka AVE
Details
APN 7346
Property Type Retail, Special Purpose
Sub Type Storefront, Business and Building
Square Footage 1,282
Units 1
Cap Rate 4.88%
NOI $4,879
Occupancy 67%
Tenancy Multi
Lease Type Gross
Remaining Term 1
Year Built 1890
Buildings 1
Lot Size (SqFt) 3,079
Zoning C-2 Commercial
Investment Type Stabilized
Ground Lease No
Ownership Private
Three Chair salon / beauty shop (business and building)
Marketing description
Property is currently being used as a full-service beauty shop with a drying / pedicure area. Customer area has great lighting. There is a public restroom for customers and a separate laundry area. This would be an ideal location for an owner/operator to continue serving as a beauty shop, or the new owner could continue to rent it out to other entrepreneurs. The space could also be updated to create a comfortable office space or retail store. So much potential!
Investment highlights
Turnkey salon investment offered at $100,000. Currently generating $10,800 in annual gross income from two of three chairs, each leased month to month at $450/month, giving you flexibility to adjust terms or fill the vacancy.
Immediate upside: leasing the third chair adds another $5,400 in annual income with no additional buildout required, pushing total gross rent to $16,200/year.
Low-maintenance investment with straightforward month-to-month tenant structure. Ideal for an investor looking for cash flow with room to grow occupancy.
Listing Contacts
Listed by KW One Legacy Partners
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$4,879.00
$406.58/mo
Valuation Metrics
0
DSCR
4.88%
Cap Rate
4.88%
ROI
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