MLS Number 4834771
- Year Built 2011
- Acreage 11.9
- NOI 80200
This is a great opportunity for an investor with a 7% Cap Rate. There is room for additional units. The property consists of three commercial buildings. This is a commercial offering of 11.9 acres with three commercial investment properties. With a current Cap rate of 7% Building 1: 50ft by 65ft, block building, two bay doors and 18ft ceilings.2 Units; Unit 1, has an apartment, w/full bath, and a garage bay. Unit 2, has a bay, small office, and compressor room. On the same Parcel : Building 2 : Units 3 & 4 ; Duplex 27.6ft.x 65ft, on 6.8 +/- acres. The duplex has a one bay garage for each unit. The units are energy efficient have triple pane windows, and is zoned over 55 housing. Both of the units are fully rented. On the 5.1 acre lot adjacent to the garage: Building 3 : Units 5 & 6 ; Duplex 27.6ft x 65ft, split into two fully rented units and a one car garage. The units are energy efficient have triple pane windows, and is zoned over 55 housing After having a preliminary meeting with the planning board they would allow up to ten more units.
Listed by Joe Howell of Coco, Early & Associates/Bridge Realty