3 Bathroom
5,600 sqft
None
Baseboard Heaters, Radiator
$995,000
Prime Huntsville Commercial & Residential Investment Opportunity. Newly painted corner building ideally located on a high-traffic main road in the Town of Huntsville, offering excellent visibility and strong Revenue. The property features 3 income-producing units...1 commercial and 2 residential - generating nearly $90,000 in gross annual rental income. The convenience store is secured by a 10-year lease, while both residential units are currently leased on 1-year terms. All three leases are available for review. CAP RATE: Over 7% for 2026 and increasing.The property has benefited from over $85,000 in improvements completed during 2025 and 2026, including: New asphalt parking lot/Exterior painting/Renovations on both residential units/New laundry facilities/Basement foundation work/Two new decks and other Additional property improvements. All invoices for completed work are available.The convenience store has a separate hydro meter. The spacious second-floor residential Units consists of two well-maintained 2-bedroom apartments, each with a separate entrance.The property also offers a large parking area with approximately 8 outdoor parking spaces, providing convenient parking for both commercial customers and residential tenants. A strong opportunity for investors seeking a well-maintained, income-producing property with substantial recent capital improvements and long-term commercial income. (id:63476)
Property Details
|
MLS® Number |
X13678232 |
|
Property Type |
Retail |
|
Community Name |
Huntsville |
|
Parking Space Total |
8 |
Building
|
Bathroom Total |
3 |
|
Cooling Type |
None |
|
Heating Type |
Baseboard Heaters, Radiator |
|
Size Exterior |
5600 Sqft |
|
Size Interior |
5,600 Sqft |
|
Utility Water |
Municipal Water |
Land
|
Acreage |
No |
|
Size Depth |
67 Ft ,1 In |
|
Size Frontage |
83 Ft ,4 In |
|
Size Irregular |
Bldg=83.41 X 67.14 Ft |
|
Size Total Text |
Bldg=83.41 X 67.14 Ft |
|
Zoning Description |
Urban Mixed Use (um) |