Call Us: 1-609-344-5200
Call Us: 1-609-344-5200
100% Occupied 6-Unit, 10,000± sf Stand-Alone Commercial Property in the Heart of Tilton Road’s Commercial District
100% Occupied 6-Unit, 10,000± sf Stand-Alone Commercial Property in the Heart of Tilton Road’s Commercial District
Overview
- Investment
Details
Updated on December 22, 2021 at 12:43 pm- Price: $1,295,000
- Property Type: Investment
- Property Status: Sold
- Building SqFt: 10,000±
- Block #: 16.01
- Lot #: 55
- Current Occupancy: 100%
- Lot Dimensions: 200 x 200
- Lot Size: .92 Acre
- Number of Buildings: 1
- Number of Units: 6
- Parking Type: Paved, Off-Street
- Frontage: 200'
- Zoning: C-B
- Total Assessment: $1,000,000
- Assessed Land Value: $460,000
- Improvement Value: $540,000
- Tax: $34,680
- Tax Year: 2020
- Air Conditioner: Central Air
- Exterior Features: Signage
- Heating: Forced Air, Gas - Natural
- Location: Business District
- Separately Metered: Electric, Gas
- Sewer: Public
- Style: Free-Standing
- Water: Public
Description
100% Occupied with potential for Added Value. 10,000± sf Stand Alone Commercial Property in the Heart of Tilton Road’s Commercial District. Building Totals 6 Units all individually metered for electric and gas. Currently tenanted by 4 businesses, 3 of which have been in place for many years. The size of the units and prime location increases absorption and reduces risk and vacancy. Very attractive building and area for investment. Building Materials are up 200% from last year creating a lack of commercial inventory and new construction. Investment properties are few and far between. Call for marketing package and P & L.
All information is from sources deemed to be reliable; however, no warranty or representation is made as to the accuracy of the information provided herein by LEVIN Commercial Real Estate, LLC. (its principals, employees or agents). All information is submitted subject to errors, omissions or changes of availability and/or terms, which may be changed without liability upon discovery or notice. Many factors affect property value and the prospect agrees to take full responsibility for adequately investigating any potential conditions that may affect their ownership or usage of the property. All are advised and expected to retain competent advice for legal, financial, construction, architectural, engineering or appraisal matters, or any similar expertise, as LEVIN Commercial Real Estate, LLC. is a real estate brokerage firm and does not represent itself as a qualified professional in any other discipline.
