Havelock Mixed Use Building

Office for Sale
Catylist Listing ID: 30797823
Property Subtypes: Mixed Use, Flex Space, Office Building
Building Size (RSF): 8,400 SF
Gross Building Area: 9,400 SF
Gross Land Area: 7,901 SF
Sale Price: $750,000
Unit Price: $89.29 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Business
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: 6.97%
Last Updated: 6/20/2022

Overview / Comments

Arrow Brokerage is proud to offer a great opportunity to own a mix use building with high visibility on Havelock Avenue. The main floor features a 5600 sqft office unit with reception area, two conference rooms, kitchen, 10 private offices, two bathrooms, brand new security system/cameras and basement for storage. Considering the office unit is currently vacant there are endless possibilities including but not limited to leasing as one large office or small private offices spaces. The second floor is accessible by private entrances and showcases two large 3 bedroom/1 bathroom remodeled apartments currently being rented for a total of $2425/month rent.

Attachments & Media

Financials

Finance Data Year 2022
Real Estate Taxes - Annual($) $8,371 (Annual)
Assessed Value - Total($) $444,000 (Annual)
Potential Rental Income $75,600 (Annual)
Net Operating Income $50,957 (Annual)
Actual or Proforma Year Proforma

Additional Details

Nearest MSA: Lincoln
County: Lancaster
Tax ID/APN: 17-04-308-012-000
Zoning: B3-COMMERCIAL DISTRICT
Property Visibility: Excellent
Site Description: Havelock Business District
Number of Stories: 2
Year Built: 1910
Roof Type: Flat
Construction/Siding: Brick
Parking Type: Surface
Parking Description: Private parking behind the building accessibly via the alley. Ample public parking in front of building.
Total Parking Spaces: 5
Heat Type: Natural Gas
Heat Source: Central
Zoning Description: B3-Commercial District
Lot Frontage: 50
Lot Depth: 160
Water Service: Municipal
Sewer Type: Municipal
Legal Description: HAVELOCK, BLOCK 15, Lot 18 - 19

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,967 63,247 158,012
Median Age: 36.14 32.66 32.87
Households: 3,688 27,156 64,953

Contact

Photograph of Listing Agent

Jenni Limbach

Arrow Brokerage MRCIE Member
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