Overview

Listing ID:#20189192

Building SF:3,597

Parcel Size:0 SF

Price:$625,000

Building PSF:$173.76

Property Type:Office

Date Available:Now

Sub-Type: Day Care/School/Church

Great Investment in McFarland!

Prime 3-Unit Commercial Building -- Income Property or Owner-Occupy Opportunity. Completely renovated in 2023! Discover the potential of this versatile 3-unit commercial building offering over 3,500 SF of space on nearly a half-acre lot. This property is currently fully rented, providing immediate income with the flexibility for owner occupancy through potential lease buyouts. Zoned Commercial Highway(C-H), the property allows for a wide range of uses, making it ideal for investors or business owners looking for a strategic location. With excellent visibility and ample parking, this property is perfectly positioned for office, service businesses, or other commercial ventures. The Roof Will be replaced before closing.

Financial Information

Gross Income:$60,000

Total Expenses:$15,000

Net Op. Income:$44,000

Cap Rate:6.52%

Current Tenants:3

Percent Leased:100%

Real Estate Taxes:$3,522

Tax Year:2025

Building Details

Building Type:Multi-Tenant

Building Status:Existing

Year Built:1982

Year Renovated:2023

Current Use:Office and Dance Studio

Number of Floors:1

Number of Units:3

Number of Offices:6

Number of Restrooms:2

Zoning:C-H Highway Commercial

Outside Parking:Yes

Outside Parking per 1,000 sf:5

Parcel Front Dim.:228 ft

Parcel Side Dim.:85 ft

Municipal Sewer:Yes

Municipal Water:Yes

Hwy Exposure:Yes

ADA Compliant:Yes

Contact Listing Agent

Katie Lichtie

608-347-5525
608-347-5525
Email

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