Description
Investment opportunity. Earn over 8% annual return on this purchase with tenant in place. Current retail store will lease back at $3K/month for a minimum of 3 years. Excellent location in downtown Saugatuck in a newer building that has been well maintained. Here is your opportunity to buy into commercial real estate with a successful tenant. This is a retail condominium unit in a high exposure building. Taxes and common area expenses to be $8K annually. Net operating income of $28K. No sign in window.
-
0BEDS
-
0.1ACRES
-
1BATHS
-
01/2 BATHS
-
768SQFT
-
$456$/SQFT
Description
Investment opportunity. Earn over 8% annual return on this purchase with tenant in place. Current retail store will lease back at $3K/month for a minimum of 3 years. Excellent location in downtown Saugatuck in a newer building that has been well maintained. Here is your opportunity to buy into commercial real estate with a successful tenant. This is a retail condominium unit in a high exposure building. Taxes and common area expenses to be $8K annually. Net operating income of $28K. No sign in window.