Supreme Real Estate Group
Supreme Real Estate Group
Listed by Supreme Real Estate Group
$754,880
600-604 W Washington Street
Details
Property Type Retail, Office
Sub Type Mixed Use
Square Footage 3,500
Net Rentable (SqFt) 3,500
Units 2
Cap Rate 7.50%
NOI $56,616
Occupancy 100%
Tenancy Multi
Price per SqFt $215
Year Built 1938
Zoning CBD (Central Business District)
Investment Type Stabilized
Retail | 7.50% CAP | 3,500 SqFt
Marketing description
600-604 W Washington Street is a fully leased commercial asset in Suffolk's Central Business District. This revised analysis reflects the updated 3,500 SF leasable area and optimized valuation.
Historic charm meets modern commercial utility in the heart of Suffolk's Central Business District.
The property sits at the heart of the historic downtown business district, a hub for professional services.
Strategically located along West Washington Street, the area is a high-visibility hub for professional services and government offices.
Investment highlights
- Stabilized Downtown Investment with $56,616 Annual Income
- 100% Leased & Existing Income Stream
- Prime Downtown Location & CBD Zoning
- Strong Corner Visibility
- Stable Tenant Base
- Future Rent Growth Potential
- Downtown Revitalization Initiatives
- Increased Investor Demand for Smaller Assets
- Manageable Scale
- CBD Zoning
- 1031 Suitability
- Predictable yield with 100% occupancy in a prime downtown location
Listing Contacts
Supreme Real Estate Group
Supreme Real Estate Group
Listed by Supreme Real Estate Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$56,616.00
$4,718.00/mo
Valuation Metrics
0
DSCR
7.5%
Cap Rate
7.5%
ROI
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