1 view · 1 this week
Exceptional income-producing commercial investment situated on a highly visible corner lot with approximately 2 acres and 21,800 total square feet. The original 10,000 SF building was constructed in 1972, followed by a 10,000 SF addition in 1998 and a recently added 1,800 SF warehouse expansion. The property has been extensively renovated in recent years and is currently 100% occupied across five units with strong 3-5 year lease terms. City Electric Supply is secured by a 5-year lease with two additional 5-year renewal options. Generating approximately $13,400 per month ($160,800 annually) in gross rental income, with annual property taxes of approximately $3,800 and insurance of only $2,500, this property offers an excellent opportunity to acquire a stabilized, fully leased commercial asset with long-term income potential.