This 1,500 SF commercial condo is perfect for an owner-user or investor. The versatile space is ideal for a range of uses, including a retail store, office, workshop, donation collection center, and much more.
For investors, this property presents a potential 7.98% ROI. Here’s the math: At 180k + 40k to complete the Buildout = 220k, so it is 7.98% ROI....i.e.: 1,500 sf x $15.00 psf = $22,500 x 78% (deducting 22% for expenses) = $17,550 net income after expenses, so: $17,550 divided by $220,000 = 7.98%
This unit is being offered as a dark shell, i.e.: framing, concrete floor, rough electrical and rough plumbing. Excellent opportunity for an investor to complete, or a user wanting a specific floor plan.
Whether you're looking to grow your business or secure a high-performing investment, this property offers excellent potential in a prime location.