CommercialMulti Residence Building

Retail-Commercial for Sale
Catylist Listing ID: 30509357
Property Subtypes: Convenience Store, Mixed Use
Building Size (RSF): 8,504 SF
Gross Building Area: See Agent
Sale Price: $350,000
Unit Price: $41.16 PSF
Property Use Type: Vacant/Owner-User, Business
Sale Terms: Cash to Seller, Sale/Leaseback
Cap Rate: 9.5%
Last Updated: 11/13/2019

Overview / Comments

Commercial/Apartments Building. Great Investment Property located on a corner lot on Downtown Crete that facilitates full exposure for any business.First floor has 4 store/offices spaces. Owner has a furniture store on the main store. Second floor has 3 apartments PLUS space to finish 2 more apartments. 9.5% Potential Cap Rate. All Spaces and apartments are rented except one Space vacant. Owner doesn't have a problem keeping the building occupied.
Agent is related to Owner.

Financials

Finance Data Year 2019
Real Estate Taxes - Annual($) $2,837 (Annual)
Potential Rental Income $55,560 (Annual)
Net Operating Income $42,700 (Annual)

Additional Details

Nearest MSA: Lincoln
County: Saline
Tax ID/APN: 0040080095
Retail Clientele: Family, Business, Traveler
Property Visibility: Excellent
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Average
Year Built: 1900
Total Parking Spaces: 1
Legal Description: CRETE CITY BAL. OF LOT 13 & ALL OF 14 BLK 128

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 7,518 7,518
Median Age: 29.65 29.65
Households: 2,430 2,430

Contact

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