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Investment Overview: Unique Property Offering Unique Investment Opportunity This property offers a rare and compelling investment opportunity for discerning buyers. A key advantage is the presence of a reliable tenant already occupying the premises, ensuring immediate and consistent annual income. With this arrangement, investors can expect to recoup their investment in under five years, thanks to the steady cash flow generated by the tenant's rent payments. The investor enjoys flexibility in the management of the gas station operations. Specifically, the investor may choose to take over the gas operations directly or allow the current tenant to continue managing them. Depending on this decision, the projected annual income ranges from $18,000 to $36,000. Furthermore, the tenant assumes responsibility for all annual property taxes, which total $23,300, as well as all associated maintenan...
Investment Overview: Unique Property Offering Unique Investment Opportunity This property offers a rare and compelling investment opportunity for discerning buyers. A key advantage is the presence of a reliable tenant already occupying the premises, ensuring immediate and consistent annual income. With this arrangement, investors can expect to recoup their investment in under five years, thanks to the steady cash flow generated by the tenant's rent payments. The investor enjoys flexibility in the management of the gas station operations. Specifically, the investor may choose to take over the gas operations directly or allow the current tenant to continue managing them. Depending on this decision, the projected annual income ranges from $18,000 to $36,000. Furthermore, the tenant assumes responsibility for all annual property taxes, which total $23,300, as well as all associated maintenance and utility costs. This structure provides the investor with nearly $60,000 in annual savings, significantly reducing operational burdens and increasing overall profitability. Property Features and Flexibility The main building encompasses a generous 15,400 square feet, offering considerable flexibility for various business uses. Its design allows for easy subdivision, enabling the owner to lease portions of the space to multiple tenants. This adaptability supports the potential for maximizing rental income and appeals to a wide range of business needs. Land and Site Improvements Included in the sale are three distinct lots or parcels, which together span more than three acres. The property is further enhanced by key site improvements, such as extensive asphalt paving, a gas station currently maintained by the Gas Company, but operated by the current Tenant, an air station, and the primary building. The specific parcels included are identified as LOTS 44.16-2-23, 44.16-2-24, and 44.16-2-25.
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