Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1947
Sq.Footage
1,900
This commercial property, constructed in 1947, presents a unique investment opportunity for discerning investors seeking to capitalize on a below-average condition asset with significant potential for value enhancement. Situated on a compact 0.06-acre lot, this property is strategically located within a vibrant area, offering convenient access to essential transportation links, including an airport less than 10 miles away and a metro/subway station within 1 to 3 miles. Such accessibility is a key factor in attracting tenants and ensuring high occupancy rates. The building features durable cement siding and hardwood flooring, providing a solid foundation for renovation and modernization efforts. While the property is currently in below-average condition, this presents a prime opportunity for investors to implement strategic improvements that can significantly increase its market value and rental income potential. The existing structure allows for a variety of commercial uses, making it adaptable to changing market demands. Investors will benefit from the absence of association fees, allowing for greater flexibility in managing operational costs. The property is equipped with essential utilities, with the owner responsible for all utilities, personal property taxes, real estate taxes, and trash collection services. This straightforward expense structure simplifies financial forecasting and enhances the property's appeal to potential tenants. The surrounding area boasts a mix of commercial and residential developments, ensuring a steady flow of potential clientele. The proximity to major transportation hubs further enhances the property's attractiveness, making it an ideal location for businesses seeking visibility and accessibility. With the right vision and investment in renovations, this property has the potential to yield substantial returns. Investors can leverage the current market dynamics to reposition the asset, attract quality tenants, and achieve a favorable cash flow. The combination of location, accessibility, and the opportunity for value-add improvements makes this property a compelling addition to any investment portfolio. Seize this opportunity to invest in a property with untapped potential and position yourself for future growth in a thriving market.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Basement YN
YES
-
Cooling YN
YES
-
Cooling
Central Air, Electric
-
Heating YN
YES
-
Heating
Natural Gas, None
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Brick
-
Parking
Parking Lot
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.06
-
Lot Size(square feet)
2614.0
-
Property Type
Commercial Sale
-
Property Sub Type
Office
Price
-
Sales Price
$600,000
-
Tax Amount
$10,620
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Stories
2
-
New Construction
NO
-
Sewer
Public Sewer
-
Tax Lot
295
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Location
County
MONTGOMERY
Elementary School
Middle School
High School
Listing Courtesy of Mejire Arijaje , Elite Level Realty
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Owner, President, Investment Property Advisor
Theresa Kehler
Call Theresa today to schedule a private showing.
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