Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1973
Sq.Footage
26,130
GIGANTIC $750,000 PRICE REDUCTION!! VALUE-ADD DEAL OF THE YEAR!! Sellers are Selling NOW at HUGE HUGE LOSS!! - More than $2,250,000++ Invested into Purchase and Renovations. We are pleased to present this VALUE ADD Recently RENOVATED Retail Strip Center For Sale! This Renovated Shopping Center has NEW HVAC units, NEW Roof plus Awnings. Awnings and Gutter system are NEW, Much of the Electrical is NEW, and all Firewalls have been brought up to date. Nearly 50 percent of the Center Front Area has been Replaced and Redone as NEW. The center is Partially LEASED with Many Long-Time Tenant Occupants!! IMMEDIATE SALE!! The Sellers Need to Sell this property IMMEDIATELY and have REDUCED the Price by $750,000 to their BOTTOM-LINE BEST PRICE IMMEDIATELY for the 1st Buyer to Accept!! The Longtime Childcare Tenant sold to new owner and has a Brand-New 10-Year Lease INCREASING their Rent $2 MORE/ square foot for Year #1, Adding a $500/month CAM Fee, with an Annual Increase of $1/square foot each year going forward, and becoming a NNN Lease in Year #2...THEIR RENT ESCALATES EVERY YEAR UNTIL THEY GET TO MARKET RENT!! The Market Tenant is ready to move into the 6,000 SF as soon as it is completed....The HVAC and Electrical are 95 percent Complete....all completely roughed in -- needs final items...light fixtures, plugs, etc....approximately $60,000 to finish the 6,000 SF unit so the Market Tenant can take occupancy ASAP. The 3,000 SF Unit is nearly ready for C.O....needs a sidewalk installed alongside the building for access to the unit and the two entry doors each need a 4'x4' concrete landing pad....approximately $5,000 to complete this. With a Small Cash Investment to finish up the 2 units the Center will Quickly be Fully Leased.... The Center Consists of 6 UNITS. Each unit has Individual Meters for Water and Electric. Owners are Managing the Center. There is additional Land for Expansion and Further Development for another 20,000 SF or possibly even a Car Wash Site!! ABSOLUTELY VALUE ADD STEAL!! INCREDIBLE VALIE-ADD INVESTMENT OPPORTUNITY FOR A RENOVATED SHOPPING CENTER AT A $750,000 PRICE REDUCTION!!
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Central Air
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Block
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.93
-
Property Type
Commercial Sale
-
Property Sub Type
Retail
Price
-
Sales Price
$2,000,000
-
Tax Amount
24382.82
-
Sq. Footage
26, 130
-
Price/SqFt
$76
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Stories
1
-
Foundation Details
Block
-
Ownership
Partnership
-
Tax Lot
0
Schedule a Showing
Showing scheduled successfully.
Mortgage calculator
Estimate your monthly mortgage payment, including the principal and interest, property taxes, and HOA. Adjust the values to generate a more accurate rate.
Your payment
Principal and Interest:
$
Property taxes:
$
HOA fees:
$
Total loan payment:
$
Total interest amount:
$
Location
County
Lake
Elementary School
Middle School
High School
Listing Courtesy of Mark Allen , COMMERCIAL REAL ESTATE PROF IN
RealHub Information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. RealHub website owner shall not be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
FOUNDER
DanielleUrtnowski
Call Danielle today to schedule a private showing.
* Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request.© 2024 FMLS.
