Courtesy of: Gail A. Christman, Gene Durigan Real Estate, gdurigan@ptd.net
Courtesy of: Gail A. Christman, Gene Durigan Real Estate, gdurigan@ptd.net
$1,550,000
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11,700 square feet
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Lot: 1.16 Acres
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Other
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$1,550,000
580 Coal Street Incredible investment to acquire a premier commercial property located in one of the community's finest, most prestigious buildings. Commandingly situated on a highly visible corner lot, this property offers exceptional accessibility with an abundance of both off-street and dedicated on-street parking. Spanning a total of 11, 700 square feet of fully leased space, the property features a stable, diversified income stream from two established tenants occupying 7, 900 square feet and 3, 800 square feet respectively. Interestingly this tenant utilizing 7, 900 sq ft space has been a tenant for 22 years. Generating a robust gross rental income of $141, 600 per year, this low-maintenance asset represents a turn key addition to any portfolio. Operating expenses include taxes, insurance, maintenance, and utility costs are only $18, 784, providing immediate cash flow of $122, 816.00 per year. Unmatched location, superior asset quality, and immediate cash flow make this a rare find. Schedule your private tour today.
Courtesy of: Gail A. Christman, Gene Durigan Real Estate, gdurigan@ptd.net
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