For Sale
For Sale
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Year Built
1939
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Total Building Size
2,846 RSF
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Overview
Incredible investment property in the growing Edge District. Located in the heart of new construction and surrounded by many retail shops and restaurants. Terrific Investment Property in the Heart of the Edge District. The property is leased by local entrepreneurs who are doing an incredible business. The 1st floor is a wonderful retail Kava Bar and the second floor is used for local events and is leased out by different groups. At new market rates of a very conservative $30 PSF, the NOI will be in the 1st year $84,000. Approx. 24 months left on original lease. Renewals are at 93% of market value.
Property Details
Incredible investment property in the growing Edge District. Located in the heart of new construction and surrounded by many retail shops and restaurants. Terrific Investment Property in the Heart of the Edge District. The property is leased by local entrepreneurs who are doing an incredible business. The 1st floor is a wonderful retail Kava Bar and the second floor is used for local events and is leased out by different groups. At new market rates of a very conservative $30 PSF, the NOI will be in the 1st year $84,000. Approx. 24 months left on original lease. Renewals are at 93% of market value.
- Property TypeRetail
- Submarket
- Year Built1939
- Sale Price$1,500,000
- Total Building Size2,846RSF
- Total Acres0.03
- Sale StatusAvailable
- Property ID1546601