Description
Rare Industrial property comprised of Warehouse and Office. Priced, well below replacement at just $30 PSF. Simply put, you can+GGt construct this type of building for anywhere near that price. Building has been upgraded with newly renovated office spaces and entry ways, brand new windows throughout, extensive exterior renovations utilizing Aztek, 5 overhead doors ( w/ drive in, 2 dock high), freight elevator and fully fenced in yard. There is also professionally installed low voltage cable plant throughout the complex for telephone, data, CCTV, Wi-Fi and Audio Video. Property is perfect for an investor or owner operator. If you wish to operate your business here, you can enjoy some income to help you offset the mortgage payment. Property is currently producing $54,600 (approx.) in income. The income is generated by 3 tenants who occupy approximately 14,000 of the building. The current owners occupy the remaining 25,000 SF. The current owners have said they would consider a lease back, in the event that an investor purchased the building. This would help give the buyer time to find a tenant for the space. The possibilities are endless for this deal and this building. This type of product is hard to find right now. Sale includes 111 Olive St. and 108 Cherry St.
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0BEDS
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1.04ACRES
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0BATHS
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01/2 BATHS
Description
Rare Industrial property comprised of Warehouse and Office. Priced, well below replacement at just $30 PSF. Simply put, you can+GGt construct this type of building for anywhere near that price. Building has been upgraded with newly renovated office spaces and entry ways, brand new windows throughout, extensive exterior renovations utilizing Aztek, 5 overhead doors ( w/ drive in, 2 dock high), freight elevator and fully fenced in yard. There is also professionally installed low voltage cable plant throughout the complex for telephone, data, CCTV, Wi-Fi and Audio Video. Property is perfect for an investor or owner operator. If you wish to operate your business here, you can enjoy some income to help you offset the mortgage payment. Property is currently producing $54,600 (approx.) in income. The income is generated by 3 tenants who occupy approximately 14,000 of the building. The current owners occupy the remaining 25,000 SF. The current owners have said they would consider a lease back, in the event that an investor purchased the building. This would help give the buyer time to find a tenant for the space. The possibilities are endless for this deal and this building. This type of product is hard to find right now. Sale includes 111 Olive St. and 108 Cherry St.
©2023 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Allison Stine Team with Northrop Realty a Long and Foster Company. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2023-06-10T07:54:39.74.