Prime Commercial Investment Opportunity on Oak Street - High Visibility, Income-Producing PropertyLocated 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!
Date | Event | Price | $/Sqft | Source |
---|---|---|---|---|
Listed For Sale | $439,000 | $21 | HL Raymond Properties, LLC |
Year | Annual Amount | Description |
---|---|---|
2024 | $425 |
Elementary School Nichols Elementary School | 0.8 miles away | KG - 06 | |
Elementary School Gorenflo Elementary School | 1.3 miles away | KG - 06 | |
Elementary School Lopez Elementary School | 1.3 miles away | KG - 06 |