Remarks

A high-potential B-1 zoned commercial building generating $3,000 per month in rental income. The tenant has flexibility to either extend the lease for +5 yrs or vacate in 3 months-a perfect for both investors & owner-operators. This 2,596SF one-level brick building is low-maintenance & boasts a robust Cap Rate of 7.2% ensuring a strong return on investment. Its versatile B-1 zoning is suitable for a variety of uses (retail, office space, or mixed-use) allowing for diverse business opportunities. Property is well-maintained w/ min upkeep required, ensuring peace of mind for new owners. Its prime location, just off Short Lane, enhances its attractiveness, providing excellent visibility & accessibility for tenants or business operations. Expand your investment portfolio or establish a new business location, this property has unmatched flexibility & potential. Don't miss this rare opportunity to own high-yield, low-maintenance commercial building in a prime area. Contact us for more info.

Details

MLS#: 10569293
Price: $450,000

Style: Purchase,Commercial/Industrial
Sq Ft: 2596
Year Built: 1996

County: Gloucester County VA
Subdivision: ALL OTHERS AREA 121
Tax Fee: 2116