
Courtesy of: David Fuller, , Team Powerhouse Realty
$1,399,999
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12,156 square feet
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Industrial
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$1,399,999
430 3RD AVENUE This well-maintained 12, 156 sq. ft. commercial property offers a strong income-producing opportunity with a mix of retail, office, and warehouse space. The property consists of two buildings: 430 3rd Avenue - approximately 5, 556 sq. ft., currently occupied by the owner's business but ready for your possession; 410 3rd Avenue - approximately 5, 592 sq. ft. warehouse space, leased to a long-term tenant through 2027, providing stable cash flow. In addition, there is approximately 1, 020 sq. ft. of vacant space with the potential to generate an additional $1, 200 per month in rental income. All leases are structured as Triple Net (NNN), minimizing operating expenses for the owner and providing predictable returns. The property currently generates approximately $56, 000 in annual income. With full occupancy, the property has the potential to achieve an estimated 9%- 10% cap rate. (id:203)