This is a great opportunity to acquire a cash-flowing asset with solid leases in place at an 8.45% cap rate.
The building is a one-story retail strip center, constructed in 1970 and renovated in 2022, comprised of six units with 22 parking spaces, which equates to 3.19 spaces/1,000 sq. ft. The foundation is slab, framing is masonry, and the exterior walls are block and stucco. Each unit has a retail storefront-sized glass window. The roof is flat and comprised of a rubber membrane. Floors are LVP; tile, and sealed concrete. The walls are gypsum, and the ceilings are either exposed or covered with acoustic ceiling tiles. Road Access/Utilities – The site is accessed via either E. 72nd St. or Sutlive St, and all utilities are connected to the building.
Date | Event | Price | $/Sqft | Source |
---|---|---|---|---|
Price Changed | $1,698,000 -8.12% | $246 | Parker Scott Properties | |
Listed For Sale | $1,848,000 | $268 | Parker Scott Properties |
Elementary School Heard Elementary School | 0.7 miles away | PK - 05 | |
Elementary School Jacob G. Smith Elementary School | 0.8 miles away | PK - 05 | |
High School Jenkins High School | 0.8 miles away | 09 - 12 |