Description
Midtown free standing retail building. Solid investment property or excellent retail location for owner/user with flexibility for multiple uses---retail, office, medical. Free standing brick faced building on the corner of Broadwater and 7th St W, interior remodeled in 2010. Front portion is showroom/retail and the back portion has offices, two bathrooms, breakroom and secure storage. 720 sq ft basement provides additional storage and holds the mechanical room. Re-roofing in 2022. Long term tenant, current lease expires 1/31/27, $3800/mo = $45,600 less taxes and ins of $6889 = $38711 or a 7.6% return cash on cash at full price. Monthly rent increases 3% in 2027. Latest traffic count 2023 1 block east 16,070.
-
0BEDS
-
N/AACRES
-
0BATHS
-
01/2 BATHS
-
3,120SQFT
-
$163$/SQFT
School Ratings & Info
Description
Midtown free standing retail building. Solid investment property or excellent retail location for owner/user with flexibility for multiple uses---retail, office, medical. Free standing brick faced building on the corner of Broadwater and 7th St W, interior remodeled in 2010. Front portion is showroom/retail and the back portion has offices, two bathrooms, breakroom and secure storage. 720 sq ft basement provides additional storage and holds the mechanical room. Re-roofing in 2022. Long term tenant, current lease expires 1/31/27, $3800/mo = $45,600 less taxes and ins of $6889 = $38711 or a 7.6% return cash on cash at full price. Monthly rent increases 3% in 2027. Latest traffic count 2023 1 block east 16,070.