For Sale $628,000 - Retail
RETAIL MAIN FLOOR. RESIDENTIAL (2BDRM) OR OFFICE ABOVE.
1 OPEN SPOT IN DRIVEWAY
28′ x 94′
TM – TRADITIONAL MAINSTREET
MAIN FLOOR APPROX 1125 SQFT. 2ND FLOOR APPROX 750 SQFT.
MAIN FLOOR $2500/MONTH 2ND FLOOR $1200/MONTH
NEW COMMERCIAL KITCHEN WITH ALL APPLIANCES & EQUIPMENT INCLUDED. UPDATED BUILDING.
POURED CONCRETE FOUNDATION, BRICK & STUCCO EXTERIOR, NATURAL GAS HEAT, NUMEROUS UPDATES
FEATURES & UPDATES:
- FULLY UPDATED, COMMERCIAL KITCHEN – 2015
- NATURAL GAS HIGH-EFFICIENCY FURNACE – 2015
- AIR CONDITIONER – 2015
- HOT WATER TANK – 2015
- ELECTRICAL UPDATES – 2015
- PLUMBING UPDATES – 2015
- WINDOWS – 2012
- NEW MAIN FLOOR – 2015
- RETAIL SPACE APPROX 1150 SQFT
- VERY HIGH WALK-SCORE!
- 1/2 BLOCK FROM CORNER OF GLADSTONE & BRONSON AV
- 3 BLOCKS FROM 417 HIGHWAY EXITS
- TRANSIT NEARBY
- WALKING DISTANCE TO FUTURE LRT STATION
- COMMUNITY CENTER NEARBY
- COMMERCIALLY ZONED FOR MANY USES
INCOME & EXPENSES:
- GROSS INCOME BOTH UNITS: $44,400 ANNUALLY
- MAIN FLOOR – $2500/MONTH + 70% OF UTILITIES
- 2ND FLOOR – $1200/MONTH + 30% OF UTILITIES
- TAXES – $10,026 (APPROX) – IN 2017
- HEAT – $2124 (APPROX) – 2016
- HYDRO – $2616 (APPROX) – 2016
- WATER – $750 (APPROX) – 2016
- INSURANCE – $8325 (APPROX) – 2017
- *EXPENSES SHARED BY BOTH TENANTS
EXCELLENT OPPORTUNITY TO OWN A COMMERCIAL BUILDING IN A PRIME LOCATION!! TAKE OVER THE EXISTING RESTAURANT OR CONVERT TO NEW RETAIL USE!!
Very solid building with tons of updates (furnace, AC, HWT, windows, electrical, plumbing, & more). The owner has a built a high-quality commercial kitchen (over $100k of new kitchen equipment) and is fully operational and ready to go.
Owner is willing to sell building without the kitchen equipment at a reduced price. Contact Listing Agent for details.
Both units are available as vacant possession on closing. Perfect for owner-run business, or rent out both units separately. Many possibilities!
This is your chance to get into a prime location in Centertown, with a solid building offering huge potential.
Building plans, drawings, elevations, expenses: all available upon request.