Looking for a great cash flowing income? Completely updated and impeccably maintained, this property has 2 large retail spaces on the main level being leased for a combined $2,000/month. The 3,800 sq ft upstairs loft is being used as a nightly rental which produced approx $30,000 in revenue in 2023. Additionally there is a 1,500 sq ft Quonset hut (not included in the square footage) which rents for $300/month plus a small office that has potential for another $300/month. Total revenue in 2023 exceeded $60,000!!The loft space comes fully furnished (with the exception of the armoire in first bedroom to the left and all hanging wall art and photographs) and has 4 large bedrooms with 8 total beds, 3 bathrooms and 3 living spaces making it great for large groups/families. Complete with backyard firepit!Both large retail spaces are fully leased. Quonset hut has been disconnected from power and is currently being rented as a storage unit for $300/month. Main building contains a small 200 sq ft basement with dirt floor, security fencing, newer rubber roof, HVAC, heat pump, plumbing, electrical, windows, floor coverings etc. etc. Recently paved lot accommodates off road parking for 5 plus vehicles. Plenty of land available to make a nice outdoor courtyard or increase parking capacity or whatever you can dream up.Not interested in doing nightly rental? This property would also be great for business owner/operator who wants to live where you work! Sold as is.
Courtesy of Keller Williams
North on Kansas Expressway from Chestnut, East on Atlantic Street (first light past the viaduct), to property on the left. Corner of Broadway and Atlantic Street
The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness.
The information above has been obtained from sources believed reliable. While we
do not doubt its accuracy we have not verified it and make no guarantee, warranty
or representation about it. It is your responsibility to independently confirm its
accuracy and completeness. Any projections, opinions, assumptions, or estimates
used are for example only and do not represent the current or future performance
of the property. The value of this transaction to you depends on tax and other factors
which should be evaluated by your tax, financial, and legal advisors. You and your
advisors should conduct a careful, independent investigation of the property to
determine to your satisfaction the suitability of the property for your needs.
- Vinton Commercial Realty