Beautiful Retail Building on Rt. 31 & 2A. Great for Investor or end user.
Listing was updated at: 04/18/2019
Property Overview
Price/Rent PSF $ 239,900.00
Asset Type Retail
Trade Type Sale
SQ. FT. Available 7,912
Date Available 04/18/2019
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 C&A zoning and has been a great retail site for decades. Several large apartment buildings, residential homes and plenty of business' close by. High traffic count of 10,117 (2W, 2017). Convenient location close to downtown and residential neighborhoods.

The property abutting may also be available for purchase to add on-site parking for this property. Call for details.

Sale
Beautifully maintained Retail/Flex building located on State Road (Rt. 31 & 2A). Many updates include new building facade and windows in 2006. One newer 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), Restaurant, Salon/Spa/Nails, Vape Shop or automotive related business just to name a few. Buyer to confirm uses with City.

Excellent Projected CAP on this Property. At asking price, with estimated below market rents (w/25% Vac.), this property produces a 13% CAP. A CAP of 10% (w/25% vac.) this property will support an asking price of $314,430.00. Owner retiring and says bring your offers!

The property abutting may be available for purchase to add on-site parking for this property. Call for details.

Some Light fixtures are not included (store inventory).

Location