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Note
Beautiful Retail Building on Rt. 31 & 2A. Great for Investor or end user.
Listing was updated at: 12/07/2018
Property Overview
Price/Rent PSF $ 239,900.00
Asset Type Retail
Trade Type Sale
SQ. FT. Available 7,912
Date Available 12/07/2018
Additional URL Link
Parking 12
Floors 2
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Description

Location
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.

Sale
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).

Location

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