Great Investment Opportunity 8% CAP Rate!

Retail-Commercial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30524435
Property Subtypes: Retail-Pad
Status: Pending/Contingent
Building Size (RSF): 3,000 SF
Sale Price: $89,000
Unit Price: $29.67 PSF
In Opportunity Zone? Yes
Property Use Type: Business
Building Name: 728 S Madison
Usable Size (USF): 3,000 SF
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 10/21/2020

Overview / Comments

Opportunity Zone Investment! Owner Financing available with a substantial down payment.

There is a tenant and agent needs to call Lisa Fisher to set up showings. Do not ask the tenant questions. Tenant has been in place since 1996 and pays $675/month.

3000 square feet
New HVAC units
9% Return on Investment at list price (ROI)
Owner pays taxes and insurance

Financials

Finance Data Year 2019
Real Estate Taxes - Annual($) $372 (Annual)
Tax Value Land $13,500
Tax Value Improvements $31,600
Assessed Value - Total($) $45,100 (Annual)

Additional Details

Nearest MSA: Wilmington
County: Columbus
Taxing Authority: Columbus
Tax ID/APN: 0001970
Zoning: B-1
Tenancy: Single Tenant
Roof Type: Flat
Construction/Siding: Brick
Heat Source: Heat Pump
Air Conditioning: Package Unit
Internet Access: Cable, Fiber Optic
Interior Description: Retail
Lot Frontage: 30
Lot Depth: 100
Water Service: Municipal
Sewer Type: Municipal
Legal Description: LOT & BLDG MADISON ST / SAM GORE

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,614 5,485 11,680
Median Age: 38 39.77 40.25
Households: 1,603 2,314 4,545
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