Value-Add Investment Property
$220,000
Listing Resources
Listing Description
Value-add office/retail investment property available for sale. Pro forma annual rents: $35,100. Annual expenses: $18,274.62. Historically low vacancy rates in this building. One (1) office/retail suite available (232 SF), with an existing shampoo bowl hookup and chair. Lease is a full-service rate that includes water, sewer, gas, and electricity. The tenant is responsible for data/internet and janitorial. Contact the broker for additional financial details. Future development of this corridor by the City of Fairview Heights includes updated landscaping and sidewalks throughout, as well as upgraded lighting fixtures.
Located near the corner of Lincoln Trail and Union Hill Rd – 1.3 miles from I-64’s exit 10 in Fairview Heights. Union Hill provides direct access (South) to Frank Scott Parkway which runs East and West through St. Clair County.
Sale Price: $220,000
Lease Rate: $650/Month, Full Service
Listing Details
-
Mike
Durbin
- Office: 618-277-4400 Ext. 39
- Mobile: 618-960-8675
- miked@barbermurphy.com