- MLS®FX-10419199
- StatusActive
- $ 2,500,000
Featured
- Price
- $ 2,500,000
- Year build
- 1985
- Sub-type
- Retail
- Status
- Active
? Location: Strategically positioned on a .6568-acre lot with a 7,118 sq ft free-standing building.?? Traffic: Boasting a substantial traffic count of 19,300, making it an ideal spot for businesses relying on foot traffic.?? Marketing Potential: Featuring a tall and visible road sign, perfect for live signage marketing.?? Investment Highlights:Financials:2023 Taxes: $23,628Common Electric: $1,983.36Common Water: $5,100 + $2,794.88Fire Alarm Monitoring: $1,694.88Garbage Pickup: $4,745.88Insurance: $5,551.63Lease Flexibility: Short leases expiring in 2025 provide landlord flexibility.Below Market Leases: Current leases are at least 30% below market rates, offering significant growth potential.Tenant Contributions: Tenants contributing below allotted CAM, creating additional value for potential investors.?? Opportunity for Growth: Ideal for an owner-user seeking a location with untapped potential and the opportunity to capitalize on market rates.?? Lease Expiry: Short-term leases allow for strategic repositioning and adjustment to market trends.?? Value Proposition: An exceptional investment opportunity with a prime location, high visibility, and potential for increased returns through lease optimization.
Listing Courtesy of Total R E Consultants Inc
