This commercial retail center is situated at a prominent high-traffic intersection and spans multiple units, including a recently constructed 4,500 sq ft grocery store, developed with a $400K investment. The grocery store benefits from two entrances and comes with approved beer, wine, and tobacco licenses, enhancing its service offerings. Additionally, an open game machine contract provides the opportunity for further revenue generation. The store is designed for efficiency, with projected monthly sales of $150,000.
The property includes a pad-ready corner lot designated for a 4,000 sq ft build-to-suit, offering space for future development. The center houses four fully leased units, all occupied by long-term tenants, ensuring stability and continuity of operations. The total appraised value of the property for 2024 is $3.2 million, reflecting its prime location and development potential.