Property Type:
Commercial/Indstrial
Square Footage:
3,430
Lot Size (sq. ft.):
12,197
Status:
Active
Current Price:
$600,000
List Date:
4/15/2024
Last Modified:
4/17/2024
Description
This free-standing commercial store-front retail building is being offered for sale at $600,000 or $175/sf with a going-in CAP of 6.6%. This property is ideally suited as either an investment opportunity or for an owner user. Currently occupied by Able Saw who has successfully operated since 1976. The tenant's lease expires in January of 2026 and is currently paying $3,500/mo plus property taxes. A Buyer will have the option to renegotiate the current tenant's lease or occupy the building for their own use upon the lease expiration. The building enjoys excellent, high traffic visibility and signage along Miller Valley Road in addition to rear access into a large fence yard area via Division St. The building is +/- 3,430 sf and was originally built in 1953 and has had several renovation
Supplements: This free-standing commercial store-front retail building is being offered for sale at $600,000 or $175/sf with a going-in CAP of 6.6%. This property is ideally suited as either an investment opportunity or for an owner user. Currently occupied by Able Saw who has successfully operated since 1976. The tenant's lease expires in January of 2026 and is currently paying $3,500/mo plus property taxes. A Buyer will have the option to renegotiate the current tenant's lease or occupy the building for their own use upon the lease expiration. The building enjoys excellent, high traffic visibility and signage along Miller Valley Road in addition to rear access into a large fence yard area via Division St. The building is +/- 3,430 sf and was originally built in 1953 and has had several renovations since. The building features a large and open retail floor space, an office, an ADA restroom and an upstairs storage area. There are 6 on-site parking spaces in front of the property with additional parking in the rear open yard. The property is situated on .29 acres of Business General zoned land. Seller may carry with approved down payment, credit & financials.
Listing Office: Better Homes And Gardens Real Estate Bloomtree Realty
Last Updated: April - 17 - 2024
The listing broker’s offer of compensation is the dollar amount or percentage of sale price the listing broker offers to pay a broker who (a) participates in the multiple listing service where the listing broker filed the listing and (b) procures the buyer for a successful transaction.
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