For Sale $382,500.00 - Retail
Great investment property in downtown LaBelle area. Generating over $33K/year in NOI. This Historic Commercial building offers 4 rental units that have all been well maintained and is currently 100% occupied. A recent city sidewalk beautification effort converted the existing sidewalk to an attractive paver pathway, lined with outside seating and umbrellas allowing an attractive atmosphere for businesses to thrive. The location is in a high traffic area surrounded by offices, restaurants and businesses. Only the building and land is for sale. Tenants are long term and looking to stay as long as the owners will allow them to. Leases are run 1 to 2 years per term, and all upcoming leases are set to renew as per the LL and tenant discussions. Opportunity to possibly increase rents on one or two of the units.
Great location! Ideal traffic in historic La Belle downtown district
Gross Leasable Area: 4,079 SF
Property Type: Retail
Lot Size: 0.23 AC
APN / Parcel ID: 2-29-43-01-010-0024-0020