Listed by Berkshire Hathaway HomeServices New England Properties East Hampton
$450,000
Retail, Medical office or Professional office!!!
Details
Property Type Retail, Office
Sub Type Traditional Office, Medical Office
Square Footage 3,744
Units 30
Cap Rate 7.6%
NOI $34,204
Occupancy 65%
Tenancy Single
Lease Type Modified
Remaining Term 2
Class B
Year Built 1970
Year Renovated 2010, 2025
Buildings 1
Stories 1
Acreage 0.860
Zoning MS
Investment Type Value Add
Ground Lease No
Sale Condition N/A
Investment or owner user in a developing market!
Marketing description
Office space for your business, with tenants in place! Imagine the opportunity to have prime Route 66 space next to Dunkin Donuts, and across from CVS, with ~16,000 daily traffic counts, and potential for increasing value. With approximately 2000 square feet of space available, this opportunity is perfect for owner user, or investor looking for solid in place income with upside!! Professional office, Medical office or retail would be ideal for this site. MS- Main street district zoning has a mixed use overlay, and allows for most business types. Currently operating at a 7.6 CAP, and NOI of $34,204.
Investment highlights
- 3,744 SF building
- 1 unit
- Built in 1970
- Zoned MS
- Located in Hebron area
Currently operating at a 7.6 CAP, and NOI of $34,204.
Room for additional income or owner user space
Listing Contacts
Listed by Berkshire Hathaway HomeServices New England Properties East Hampton
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$34,204.00
$2,850.33/mo
Valuation Metrics
0
DSCR
7.6%
Cap Rate
7.6%
ROI
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