This Sale includes a Freestanding Restaurant Building (former restaurant) on .30 acres and Two Duplexes on a contiguous residential parcel on .344 acres of land. The Commercial Building is currently leased until January 2025 at $4,000/mth ($48,000/yr) NNN. The Residential Buildings have total income of approximately $72,000 per year with expenses of $16,000 per year with NOI of $56,000.
The Commercial Building fronts Federal Highway/US Highway 1 and is at the corner of Federal Highway and Windham Street. The Commercial Building was former restaurant with existing kitchen equipment including a hood system and grease trap and fenced in rear storage parking area, 8 parking spaces in front and additional parking on street of service road.
The Residential parcel consists of 4 total units within 2 buildings and all units are occupied on short term leases (less than 1 year) for maximum flexibility. Units are 2/1. Rents range from $1,300 to $1,675 per month. Total Income is approximately $72,000 per year.
Properties are located in the Hobe Sound CRA district and many available uses.