4,000 SF Office Retail For Sale
$525,000
Listing Resources
Listing Description
Fully-leased professional office building for sale. Well maintained suites with two long term tenants on modified gross leases. Contact broker for financial details. Recent capital improvements throughout including Rhino Shield paint for the exterior. An agreement is in place with the professional park owners for parking lot to be repaved and sealed.
Located within Lakeview Commons Professional Park which is between Frank Scott Parkway and US Highway 50. Approximately 1.5 miles to Interstate 64.
Sale Price: $525,000
Listing Details
Listing No : 2973
Sale Or Lease : For Sale
Property Type(s) : Office - Medical
Building Size (Sqft) : 4,000 Sqft
Lot Size (Acres) : 0.40 Acre(s)
Total Sqft Available : 4,000 Sqft
Sale Price : $525,000
Sale Price Per Sqft : $131.25
CAP Rate : 9.25%
NOI : $48,539
Building Total Sqft : 4,000 Sqft
Office : 4,000 Sqft
Min Divisible Sqft : 2,000 Sqft
Max Contiguous Sqft : 4,000 Sqft
Men's Restroom : Yes
Women's Restroom : Yes
Parcel No : 03-34.0-311-002
Zoning : B-3 Community Business
Zoning By : Fairview Heights
Complex : Lakeview Commons
Parking : 20
Parking Surface Type : Asphalt
Property Tax : $11,224.22
Tax Year : 2023
Traffic Count : 23,600
Year Built : 2010
Rehab Year : 2022
Class : B
Clearance Min : 7 ft
Clearance Max : 10 ft
Roof : Shingle
Exterior : Wood Frame, Brick
Acres : 0.40 Acre(s)
Frontage : 165 ft
Depth : 125 ft
Gross Rental Income : $65,991
-
Mike
Durbin
- Office: 618-277-4400 Ext. 39
- Mobile: 618-960-8675
- miked@barbermurphy.com