Description
Located in the center of Boiceville next to the High School and across from the Boiceville Market. 7 unit mixed use property offering a 2,500+ square foot retail/restaurant space in the front building with two apartments. The back building is a 3 unit apartment house with all updated utilities. There is also plenty of parking and a rented 2-car garage. The Retail/Restaurant space is currently vacant and advertised at a low rent of $1,500 a month including all utilities, has a full bar, hard wood floors and a kitchen with hood and water and gas connections (other kitchen equipment has been removed). Retail space could be great for a flea market, antique shop of as it is a restaurant space. Cap at asking is 6.71% but that's based on the current below market rent rates. Cap rate at more fair market rents is 10%. Please see associated docs for actual and ProForma income and expenses. List agent is part owner.
Extras: See attached associated docs for additional info
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0BEDS
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1.5ACRES
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0BATHS
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01/2 BATHS
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5,000SQFT
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$99$/SQFT
Description
Located in the center of Boiceville next to the High School and across from the Boiceville Market. 7 unit mixed use property offering a 2,500+ square foot retail/restaurant space in the front building with two apartments. The back building is a 3 unit apartment house with all updated utilities. There is also plenty of parking and a rented 2-car garage. The Retail/Restaurant space is currently vacant and advertised at a low rent of $1,500 a month including all utilities, has a full bar, hard wood floors and a kitchen with hood and water and gas connections (other kitchen equipment has been removed). Retail space could be great for a flea market, antique shop of as it is a restaurant space. Cap at asking is 6.71% but that's based on the current below market rent rates. Cap rate at more fair market rents is 10%. Please see associated docs for actual and ProForma income and expenses. List agent is part owner.
Extras: See attached associated docs for additional info
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