Building for sale! Investment opportunity! Great income producing p

Asking Price$1,675,000

Gross Revenue
Not Disclosed

Net Operating IncomeNot Disclosed

FF&ENot Disclosed

Building Sq. Ft.Not Disclosed

Price per Sq. Ft.Not Disclosed

listing imageSave

Building for sale! Investment opportunity! Great income producing p


Asking Price$1,675,000

Gross Revenue
Not Disclosed

Net Operating IncomeNot Disclosed

FF&ENot Disclosed

Building Sq. Ft.Not Disclosed

Price per Sq. Ft.Not Disclosed

Property Description
Building for sale! Investment opportunity! Great income producing p
Prime Commercial Investment Property in Midwood

This two-story commercial building presents an exceptional investment opportunity in one of Midwood's most sought-after high-traffic commercial corridors. The property features two established retail units generating strong, stable rental income with built-in growth mechanisms.

Property Overview:
- Two-story commercial building with ground floor and second floor retail spaces
- Strategic location in prime Midwood commercial district with heavy foot traffic
- Fully leased to established tenants with long-term lease agreements

Financial Performance:
- Current monthly rental income: $7,854
- Annual gross income: $94,248
- Ground floor tenant: $5,464 per month
- Second floor tenant: $2,390 per month
- Annual property taxes: $16,902
- Built-in annual rent escalations of 3% provide consistent income growth

Lease Structure:
- Ground floor tenant: 4 years remaining on current lease term
- Second floor tenant: 2 years remaining on current lease term
- Automatic 3% annual rent increases ensure inflation protection and revenue growth
- Stable tenant base with established lease agreements

Investment Highlights:
- Turn-key investment property with immediate cash flow
- Prime Midwood location with excellent commercial visibility
- Diversified tenant base reduces vacancy risk
- Escalating rental income structure provides built-in appreciation
- Strong rental yields in established commercial market
- Minimal management requirements with long-term lease commitments

This property offers investors a rare opportunity to acquire a well-positioned commercial asset in a proven market with reliable tenants and structured income growth. The combination of prime location, stable cash flow, and automatic rent increases makes this an ideal addition to any commercial real estate portfolio.
About the Property
Type
Retail
Building Status
Established
Facilities & Assets
Commercial building. Two commercial stores on 2 floors. Property for sale in a prime area of Midwood. Most desirable commercial heavy traffic area. Two tenants: 2nf floor tenant pays $2,390mth & 1st floor tenant pays $5,464mth. Monthly total income: $7,854mth. Yearly income: $94,248. $16,902 yr taxes. The tenant have 3% rent increase every year. First floor tenant has 4 years lease left. The 2nd floor tenant has 2 years left on the lease.
Location Description
Central Midwood Location.
Current and Prior Use
Rental for businesses.
Year Built
1925
About the Sale
Furniture, Fixings and Equipment
Included in Asking Price
Current Property Expenses
Tax $16902 per year.
Listing Info
ID:
2449965
Listing Views:
7
Business Location

Contact Seller

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Property Listed by: Diana Melerud Superior Services Real Estate

Listing ID: 2449965 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.


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