Description
Excellent investment property, commercial building with great investment return. Two currently leased spaces, medical and dance studio will stay with sale to new owner. Additional 4,000sq. ft. warehouse space with 16 ft. ceilings, currently listed for rent. Warehouse is projected to rent for $3,000/mo. Dance studio pays $3,800/mo (mtm) and Spinal Dr office rent is $4,500/mo (NNN, 2 yrs remaining on lease). Fantastic location just off the Route 70 & 38 split, parking for approx. 30 cars in private lot. 8% Cap rates on 1,800,000 price at current rental rates and full occupancy. Please inquire with listing agent for more details and showings.
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0BEDS
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0BATHS
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01/2 BATHS
Description
Excellent investment property, commercial building with great investment return. Two currently leased spaces, medical and dance studio will stay with sale to new owner. Additional 4,000sq. ft. warehouse space with 16 ft. ceilings, currently listed for rent. Warehouse is projected to rent for $3,000/mo. Dance studio pays $3,800/mo (mtm) and Spinal Dr office rent is $4,500/mo (NNN, 2 yrs remaining on lease). Fantastic location just off the Route 70 & 38 split, parking for approx. 30 cars in private lot. 8% Cap rates on 1,800,000 price at current rental rates and full occupancy. Please inquire with listing agent for more details and showings.
©2023 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Paula Cashion | Keller Williams Central Delaware. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2023-05-31T21:54:04.997.