The subject offering includes two parcels, 516 NE 34th CT and 3438 NE 5th Ave. The total leasable square footage is 11,331 feet sitting on a large 17,879 square feet lot. The entire property was recently vacated and presents an excellent opportunity for an owner user, or investor. The subject property can be easily leased after closing creating an excellent investment opportunity. When leased and stabilized this property will net $158,628 per year yielding a strong 9.33% capitalization rate. Property is zoned I1 light industrial.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
