Detail

update dateApril 9, 2020 publish DateApril 9, 2020 Total views 4
  • Type: Retail
  • Sprinklers:No
  • Parking:8-10
  • Zoning:C2
  • Status: Active
  • Listing ID:6614
  • Listing Date:April 1, 2020
  • Financing: Bank Financing
  • Real State Included: Yes
  • Bulding status: Existing
  • Bulding sq ft: 1,612
  • Year built: 1969
  • Construction: Masonry
    • Description

      This free standing building is located in a very busy area, on a main street with heavy car & foot traffic.
      It has always been occupied by food retail businesses.
      Since 2001 it has been established as a Pizza Shop.
      It has a ±40 seating capacity, two bathrooms and 8-10 parking spaces on premises and a brand-new roof.
      The tenant’s lease expires in August 2023 and it has 3% annual escalations.
      As of August 2019, rent is $2,513/mo.
      2020 City Assessment: $291,200
      ONLY REAL ESTATE PROPERTY FOR SALE.
      THE BUSINESS IS NOT FOR SALE.

      Highlights

      .Main street location with heavy car & foot traffic
      .Ideal for 1031 exchange

      Financial Details

      • Types:Actual
      • Year:2019-2020
      AnnualPer SF
      Gross rental income: $30,156 $18.71
      Other Income: $0 $0.00
      Operating Expenses: $0 $0.00
      Property Taxes: $8,855 $5.49
      Total Expenses: $8,855 $5.49
      Net Operating Income: 21,301 $13.21