Description
The core of this investment opportunity is retail space with a reliable tenant: the US Postal Service. With net income of $11,500/year, the purchase price could be recouped in less than nine years. The majority of the 4,600 sq foot space is two additional units, both currently unused. The ground floor, rear unit is completely unfinished, having formerly been an apartment that is now stripped down to the studs. The upper unit consists of a rear kitchen and two magnificent large rooms with tin ceilings, period decoration, and a grand piano; it was formerly an Oddfellows Hall, and needs significant renovation. Residential and many commercial purposes are limited due to the lack of a septic permit; the post office uses a holding tank which must be pumped out 3x/year.
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0BEDS
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0.25ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
The core of this investment opportunity is retail space with a reliable tenant: the US Postal Service. With net income of $11,500/year, the purchase price could be recouped in less than nine years. The majority of the 4,600 sq foot space is two additional units, both currently unused. The ground floor, rear unit is completely unfinished, having formerly been an apartment that is now stripped down to the studs. The upper unit consists of a rear kitchen and two magnificent large rooms with tin ceilings, period decoration, and a grand piano; it was formerly an Oddfellows Hall, and needs significant renovation. Residential and many commercial purposes are limited due to the lack of a septic permit; the post office uses a holding tank which must be pumped out 3x/year.
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Courtesy of Alexandra Eatmon of Kelley Real Estate, Inc..