Description
OFFICE/RETAIL CENTER ON HWY 13 - MAIN RETAIL STRIP IN RAPIDS. 6 tenant spaces, each with it's own front entrance. Presently one 4,100sf space vacant (asking $2,500./mo NNN) and one 21,000sf space (asking $12,500./mo) rented mon/mon below market & available in Spring. Property gives 8% + CAP rate with present tenants and vacancies - would be much higher with two vacancies filled. VALUE ADD OPPORTUNITY! Great for owner/occupant. 4 docks, pylon sign. Parking in front and rear. New roof in 2016 with 20 yr assumable warranty. Cross easements with Pizza Hut and Dunkin Donuts. Adjacent Pizza Hut, Dunkin Donuts, cell tower and repeater lot, 2 adjacent vacant lots, are NOT included. Frontage also on Wood Ave., 10th St S., Goodnow Ave
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0BEDS
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4.54ACRES
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0BATHS
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01/2 BATHS
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54,104SQFT
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$28$/SQFT
Description
OFFICE/RETAIL CENTER ON HWY 13 - MAIN RETAIL STRIP IN RAPIDS. 6 tenant spaces, each with it's own front entrance. Presently one 4,100sf space vacant (asking $2,500./mo NNN) and one 21,000sf space (asking $12,500./mo) rented mon/mon below market & available in Spring. Property gives 8% + CAP rate with present tenants and vacancies - would be much higher with two vacancies filled. VALUE ADD OPPORTUNITY! Great for owner/occupant. 4 docks, pylon sign. Parking in front and rear. New roof in 2016 with 20 yr assumable warranty. Cross easements with Pizza Hut and Dunkin Donuts. Adjacent Pizza Hut, Dunkin Donuts, cell tower and repeater lot, 2 adjacent vacant lots, are NOT included. Frontage also on Wood Ave., 10th St S., Goodnow Ave
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