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favorite this post 5504ft2 - 5504 SF Industrial Shop w apartments - Highway Commercial - (2901 State Ave) hide this posting unhide

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2901 state ave

(google map)

5504ft2

FOR SALE - $385,000

Zoned Highway Commercial

Total Land - 17552 SF
Total Building— 5504 SF
Asphalt Shingle Roof System
Shop area— 85 ft x 35 ft - 3,000 SF Shop
Shop - 17 ft ceilings
Shop - 2- 14ft /2- 16 ft pull through OH doors.
2 Gas Furnaces - very comfortable space year round.
Taxes - *approx. $5500 yr
High Visibility and additional parking
Used to be a Semi Truck Wash, has floor drains, 3 new water heaters in last 5 years. Equipment has been sold.

SELLER WILL CONSIDER OWNER FINANCING WITH 20% DOWN. 6% INTEREST. 20 YEAR AMORTIZATION.

Allowed uses include vehicle repair, auto detailing/painting, light manufacturing, Hemp oil plant, city approved paint booth could be added. Motorsports retail shop etc...

Investment Consultation Available
- You could lease the 3000 SF shop space for roughly $6 SF/yr Gross @ $17,850 year income, plus $600($1200 x 12= $14400) for each apartment with some remodel and entrances changed.

$32,250 year *possible gross rents
Likely $22,575 NET INCOME
$385,000 Sales Price with $22,575 Net Income = 5.8% Cap

  • do NOT contact me with unsolicited services or offers

post id: 6934692407

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