5,000 sqft
Partially Air Conditioned
Hot Water Radiator Heat, Forced Air, Radiant Heat, Radiator
Acreage
$549,900
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:63476)
Property Details
|
MLS® Number |
X13721288 |
|
Property Type |
Retail |
|
Community Name |
South Bruce |
|
Amenities Near By |
Highway |
|
Parking Space Total |
2 |
Building
|
Cooling Type |
Partially Air Conditioned |
|
Heating Fuel |
Natural Gas |
|
Heating Type |
Hot Water Radiator Heat, Forced Air, Radiant Heat, Radiator |
|
Size Exterior |
5000 Sqft |
|
Size Interior |
5,000 Sqft |
|
Type |
Residential Commercial Mix |
|
Utility Water |
Municipal Water |
Land
|
Acreage |
Yes |
|
Land Amenities |
Highway |
|
Size Depth |
132 Ft |
|
Size Frontage |
42 Ft |
|
Size Irregular |
5000 |
|
Size Total |
5000 Ac |
|
Size Total Text |
5000 Ac |
|
Zoning Description |
C1 |