Prime Commercial Investment Opportunity on Oak Street - High Visibility, Income-Producing Property
Located at the intersection of Oak Street and Division Street—just steps from Hwy 90 and directly across from LeBakery—this well-maintained commercial building offers excellent exposure and consistent income potential.
The property features 5 units, each approximately 1,250 square feet. Currently, 4 units are occupied, with three units (A, B, C) combined into one functional space and leased with a lease that ends 12/2027. Unit D is currently rented month to month as lease has ended. Working on the new lease @ $650.00 per month for this unit. Unit E is vacant. Each unit comes with 1 bathroom each. The building boasts a metal roof, recently updated A/C systems, and ample frontage in a high-traffic area.
With a current monthly income of $3,300, this property is a solid addition to any investment portfolio. Ideal for retail, office, or service-based businesses, and surrounded by established commercial neighbors. Please note: the adjacent gas station is not included in this sale.
Don't miss this chance to own a versatile and income-generating property in a sought-after location!
Details:Prime Commercial Investment Opportunity on Oak Street - High Visibility, Income-Producing Property
Located at the intersection of Oak Street and Division Street—just steps from Hwy 90 and directly across from LeBakery—this well-maintained commercial building offers excellent exposure and consistent income potential.
The property features 5 units, each approximately 1,250 square feet. Currently, 4 units are occupied, with three units (A, B, C) combined into one functional space and leased with a lease that ends 12/2027. Unit D is currently rented month to month as lease has ended. Working on the new lease @ $650.00 per month for this unit. Unit E is vacant. Each unit comes with 1 bathroom each. The building boasts a metal roof, recently updated A/C systems, and ample frontage in a high-traffic area.
With a current monthly income of $3,300, this property is a solid addition to any investment portfolio. Ideal for retail, office, or service-based businesses, and surrounded by established commercial neighbors. Please note: the adjacent gas station is not included in this sale.
Don't miss this chance to own a versatile and income-generating property in a sought-after location!
Calculate Your Mortgage for MLS# 4118801
Our mortgage estimator will calculate the details of your estimated monthly mortgage payments. Figures entered below are examples and are used to demonstrate only. Edit the loan details on the bold selections, Select "Calculate Payment" and your information will update under "Your Results". For more information contact Sims Realty!
Your Results:
Monthly Principal & Interest - $Total Down Payment - $Loan Amount - $Interest Rate - %Term of Loan - ( Years )
