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618-277-4400

Fully Occupied Retail Investment

$612,500

Listing Resources

Listing Description

Fully Occupied Retail Investment Property

Neighborhood retail suite with 6 suites. 9,600 SF on 0.87 acres, 17,200 ADT on Homer Adams Pkwy. 10% CAP rate on historical financials.

SALE PRICE: $612,500

Listing Details

Settings
Listing No : 2405
Sale Or Lease : For Sale
Property Type(s) : Investment, Retail, Retail - Store Front Retail
Building Size (Sqft) : 9,600 Sqft
Lot Size (Acres) : 0.47 Acre(s)
Total Sqft Available : 9,600 Sqft
Sale Price : $612,500
CAP Rate : 10%
NOI : $61,163.06
Building Total Sqft : 9,600 Sqft
Total Sqft Available : 9,600 Sqft
Min Divisible Sqft : 9,600 Sqft
Max Contiguous Sqft : 9,600 Sqft
Parcel No : 23-2-08-06-13-301-003
Zoning : B2
Zoning By : City of Alton
Property Tax : $13,335
Tax Year : 2018
Year Built : 1975
Class : C
Exterior : Brick

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