Commercial Retail - 12,000 SF

Retail-Commercial for Sale
Catylist Listing ID: 30794290
Property Subtypes: Free-Standing Building, Street Retail
Building Size (RSF): 12,000 SF
Gross Building Area: See Agent
Gross Land Area: 0.85 Acres
Sale Price: $630,000
Unit Price: $52.50 PSF
Ceiling: 9 ft.
Property Use Type: Investment, Vacant/Owner-User, Business
Building Name: Abundant Life Assembly
Usable Size (USF): 12,000 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/26/2022

Overview / Comments

12,000 sq. ft. building on 0.85 +/- acres. Currently a 5 unit but could be made into more units. Four tenants that currently occupy 1,500 sq. ft. each and the seller is vacating their 6,000 sq. ft. space.

Attachments & Media

Financials

Finance Data Year 2021
Real Estate Taxes - Annual($) $5,646 (Annual)
Assessed Value - Total($) $116,800 (Annual)

Current Tenants

Tenant Business Name Brooklyn Bakery
Industry Type Retail Trade
Is Renting? Yes
Annual Revenue $15,120 (Annual)
Suite Number Unit 3
SF of Space Occupied 1,500 SF
Current Rent $10 PSF (Annual)
Lease Expiration 6/2022
Tenant Business Name The Domestic Engineer of Brooklyn
Industry Type Other Services
Is Renting? Yes
Annual Revenue $13,200 (Annual)
SF of Space Occupied 1,500 SF
Current Rent $9 PSF (Annual)
Lease Expiration 10/2023
Tenant Business Name Extreme Tan
Industry Type Retail Trade
Is Renting? Yes
Annual Revenue $14,400 (Annual)
SF of Space Occupied 1,500 SF
Current Rent $10 PSF (Annual)
Lease Expiration 4/2024
Tenant Business Name Irish Hills Little Learners
Industry Type Education Services
Annual Revenue $9,600 (Annual)
SF of Space Occupied 1,500 SF
Current Rent $6 PSF (Annual)
Lease Expiration 6/2022

Additional Details

Nearest MSA: Jackson
County: Jackson
Tax ID/APN: 000-19-24-478-002-02
Zoning: C1
Retail Clientele: General, Family, Business, Traveler, Recreation, Other
Property Located Between: Chicago St. & Lane St.
Property Visibility: Excellent
Largest Nearby Street: M-50
Feet of Frontage: 285
Highway Access: M-50 (South Main)
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1935
Year Renovated: 1993
Roof Type: Arched
Construction/Siding: Metal/Glass, Stucco
Total Parking Spaces: 36
Parking Type: Surface
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Ceiling Units, Other
Air Conditioning: Package Unit
Internet Access: Cable
Zoning Description: Commercial
Lot Frontage: 285
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Legal Description: A PCL OF LAND OWNED AND USED AS ONE PCL BEING A PART OF SEC 24 AND A PART OF ORIGINAL PLAT OF VILLAGE OF BROOKLYN. SD ENTIRE PCL DESCD AS THE S 150 FT OF LOTS 112 113 AND 114 ORIGINAL PLAT OF VILLAGE OF BROOKLYN. ALSO BEG AT SE COR OF LOT 114 OF SD PLAT TH S 85 FT TH W 116.50 FT TH N 52.5 FT TH E 35.5 FT TH N 33 FT TO SW COR OF LOT 114 OF SD PLAT THE E TO BEG. SEC 24 T4S R1E VILLAGE OF BROOKLYN SPLIT ON 1/29/02 FROM 000-19-24-478-002-01

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 955 6,322 17,463
Median Age: 45.02 46.32 46.01
Households: 397 2,682 7,160

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