Listed by Turpin Real Estate Inc
$1,300,000
315 West Washington Avenue
Details
Property Type Office
Sub Type Traditional Office, Executive Office
Square Footage 9,450
Units 3
Occupancy 75%
Tenancy Multi
Lease Type Modified
Lease Term 5
Lease Expiration 06/30/2030
Remaining Term 4
Rent Bumps Yes
Lease Options 5 Year Option To Renew
Pro-Forma Cap Rate 5.51%
Pro-Forma NOI $71,633
Class B
Year Renovated 2008
Acreage 0.920
Zoning B1 Commercial
Parking Spaces 45 spaces
Parking per 1,000 SqFt 4.76
Lease Commencement 07/01/2025
Premier Professional/Office 3 Units High Traffic & Visibility
Marketing description
Premier and updated 2 story modern office/professional building configured for three long term tenants on highly visible and trafficked Route 57. Currently with two long term leases with yearly rent escalation and renewal options. Income producer for investor or owner/occupier for a portion of the building. Ample parking lot w/45 spaces for tenants/visitors. Impeccably maintained with elevator, common lobby and rest rooms. Absolutely turnkey!
Investment highlights
Solid income for investor or partial owner/occupant. Long term tenants with space for one more in updated building in Washington Boro.
Listing Contacts
Listed by Turpin Real Estate Inc
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Zoning
B-1 CommercialSpecial CommercialHighway Business
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