Prime retail & office building for sale, just expanded and fully renovated to a beautiful 4,000 Sq. Ft. building, which offers an additional 920 Sq. Ft. of private outdoor space! These units could entertain almost any type of use. Price: $2,995,000 Lot Size: 40' x 100' Building size: 40' x 80' Approximate gross interior square foot is 4,000, outdoor is 920, which is composed by a 3,200 Sq. Ft. retail featuring 2 separate bathrooms, 22 plus foot ceiling and access to a 800 Sq. Ft. rear yard. The 800 Sq. Ft. features a separate bathroom and a 120 Sq. Ft. balcony. The estimated annual rent roll is $176,000 and the total expense is $34,908, leading to a net operating income of $141,092. Therefore the projected cap rate is 4.7% cap rate. Currently the building is vacant and these are projections based at $40 per Sq. Ft. for the office and at $45 per Sq. Ft. for the retail.
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