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To land lease property you will need a $250,000 deposit for a 40 yr. term with option to purchase. Property currently has 2 residential rentals bringing in $3,600 a month revenue. 3rd retail space is owner occupied and is 1300 ft. has the probability of $5,000 a month rent. Currently is owner occupied portion has is own separate heat and utilities, tenants utilities are separate. Office has full basement satiable for storage and has a small area for conference room. Building taxes are little over $10,000. Parking can accommodate almost 27 cars. 1st fl. is currently an office, but would be suitable for Small Retail Space, Bubble Tea, Take Out Food, Check Cashing Service along with ATM Machine if necessary.
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