MLS Number 72470861
- Year Built 1910
Rare chance to own a well-known corner commercial building with 3 high-performing retail storefronts and an Adult Day Care. This area is highly-trafficked, quickly developing and accessible. The lot encompasses 16,544sqft and the total area of the building is a staggering 21,544sqft. There's also an adjacent & vacant 10,000sqft lot on 74-78 Ashton Street that is also available at $799,000. Property receives just over $255,000 /year in gross income and owner pays 25% of RE taxes and 25% of 1 tenant's insurance. Bon Appetit leases at $4200/month NNN, Greek Pizza recently signed a 5 year lease at $2500/month NNN, Hair City's lease ends 2020 with an 8 year renew option at $6700/month NNN, currently paying $6050/month NNN. The Adult Day Care is within a 2013-2023 lease at $8733.33/month and will pay $9566/month in 2021. The renew option is $12,000/month between 2023-2027 - landlord pays for water. Great opportunity for a healthy ROI and possible developments in the future.
Listed by Terrance Moreau of The Galvin Group, LLC