This offering includes two properties with a combined 124K SF retail space on 16-acres MOL. Zoning is C-3/Wholesale Commercial, allowing a multitude of future commercial and multifamily developments.
Offering includes:
• 16-acres MOL (Two Properties)
• 124,000 SF Retail Building (118,000 SF Strip Center plus 5000 SF Building in rear)
• (2-acres in rear of Retail Center is dedicated to new Outdoor Storage business)
• Zoning: C-3 (Opportunity Zone)
• Land Use: Office/Retail/Storage/Warehouse
• Parking Spaces: 450 +/-
• Traffic Count: 37,000 AADT
Currently the retail center is 100% Occupied with a long-term steady tenant base. There are only three longer term tenants, with lease extending into 2030’s through extensions. Current revenue is:
• $1,573,485 Gross Revenue
• NNN (Except for USPS -$60,000)
• $1,513,485 NOI
Future Development:
Future expansion/development: Zoning permits a multitude of multifamily, commercial, medical options.
Opportunity Zone: These properties are located within an Opportunity Zone providing a tax incentive for Investors and Developers. Visit www.eig.org. It is advised to consult with a CPA, Attorney, or other professional who can provide advice on Opportunity Zones.