Building for sale! Investment opportunity! Great income producing p
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.
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
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.














