
Courtesy of: Jason Zhou, RE/MAX Edge, jasonzhourealty@gmail.com
$3,100,000
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Lot: 0.09 Acres
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Office
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$3,100,000
8510 Bay 16th Street Rare-find commercial building built in 1996 with C1-2/R5 overlay zoning, currently fully occupied by 5 commercial tenants: a long-established dental office on the 1st front, a construction company office on the 1st floor rear, a limousine service company on the 2nd floor front, a dental lab on the 2nd floor rear, and a usable basement occupied by a spice company. The building measures approximately 30×103 ft (about 3, 111 SF) on the first floor, with the second floor and basement each approximately 30×70 ft, for a total of roughly 7, 311 SF, situated on a 38×103 ft lot with a private driveway. Additional features include an elevator from the basement to the top floor, 4 separate entrances, and 5 separate water heaters along with 5 independent HVAC systems. This is an excellent investment opportunity generating approximately $191, 400 in annual income with an NOI of $134, 546, offering strong upside potential for future income growth.
Courtesy of: Jason Zhou, RE/MAX Edge, jasonzhourealty@gmail.com
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