
Courtesy of: PERRY CASKANETTE, Salesperson, SUTTON GROUP - SELECT REALTY
$549,900
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5,000 square feet
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Retail
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$549,900
14 CLINTON STREET S INVESTORS - TAKE A CLOSER LOOK AT THE NUMBERS. This mixed-use property in the heart of Teeswater combines immediate residential income with significant commercial upside. Four residential apartments are fully occupied, generating $6, 000 per month / $72, 000 per year in current gross rental income. The approximately 2, 500 sq. ft. commercial component offers the opportunity to generate an additional $30, 000 annually when fully leased, bringing potential total gross income to approximately $102, 000 per year. At the current asking price of $549, 000, that's a compelling income opportunity. The commercial space is being offered at $7.00/sq. ft. plus approximately $5.00/sq. ft. TMI and may also appeal to an owner/operator looking to run a business while the four apartments help carry the property. Approximately 5, 000 sq. ft. in total with C1 zoning and a prominent Clinton Street location. Buy the existing income and unlock the commercial potential. (id:203)