|Price/Rent PSF||$ 239,900.00|
|SQ. FT. Available||7,912|
Located on River St. (Rt. 31 & 2A) near the corner of Oak Hill Rd. In the Marijuana Retail zoning with several large apartment buildings close by. High traffic count of 10,117 (2W, 2017). Convenient location close to downtown and residential neighborhoods.
Investors take note!
Excellent CAP on this Property. At asking price with estimated rents (25% Vac.), this property produces a 13% CAP. A CAP of 10% (25% vac.) this property will support an asking price of $314,430.00. Owner says bring your offers!
Beautifully maintained Retail/Flex building located on State Road (Rt. 31 & 2A). Many updates include new building facade and windows in 2006. One new heating system. Owners have owned and cared for this building for close to 20 yrs and it shows. Building is set up for (4) approx. 2000 sf retail/flex spaces with 3 bathrooms throughout. Great location for Home Decor (existing business open for 20 yrs, owners retiring), Adult use Marijuana Retail, Restaurant, Salon/Spa/Nails, Vape Shop or food related business just to name a few. Buyer to confirm uses with City.
Some Light fixtures are not included (store inventory).