Listed by C21 Commercial
$250,000
Value-Add Mixed Use Owner/User or Investment Opportunity
Details
APN 237-124-005-000, 237-124-006
Property Type Retail, Special Purpose
Sub Type Religious/Church
Square Footage 5,600
Units 2
Pro-Forma Cap Rate 7.63%
Pro-Forma NOI $19,075
Price per SqFt $45
Broker Co-Op Yes
Buildings 2
Stories 1
Acreage 0.379
Zoning C-3 Commercial
Investment Type Value Add
Value-Add Mixed Use Owner/User or Investment Opportunity
Marketing description
Value-add Opportunity: (2) buildings on (2) APN's totaling ±5600 SF with separate electric meters. Includes a ±3,600 SF commercial building (former open retail store) and a ±2,000 SF Apartment/Home. (2) freestanding buildings with Road 192 frontage offering various configurations. The commercial building offers an open environment for various commercial business uses. The house/apartment has consistently rented for $600/month in the past, but most recently was offered $700 from multiple applicants. Great SBA candidate. Total pricing of $150K is broken down as $85K for the “retail/office” ($135K retail value minus $50K of estimated improvements), and $65K for the adjacent home (9% Cap Rate based off $700/month in potential rent).
Investment highlights
- ±3,600 SF Retail/Office and ±2,000 SF House/Apartment
- Excellent Owner/User with Passive Income, or Investment
- SBA Loan Candidate w/ Built In Passive Income
- Upside in Leasing Potential or Owner/User Occupancy
- Well-Known Freestanding Building | Separate Meters
- Open Retail/Office, Private Rooms, Multiple Entrance Points
- Ample Parking and Mature Landscaping
- Ethernet/Phone Connections & High Speed Internet Ready
- Secure, Private, Established Location w/ Quality Tenant Mix
- Convenient Location In Central Area of Town
- 2 Separate APN’s w/ Open Lot Available For Parking/Expansion
Listing Contacts
Listed by C21 Commercial
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