600 Reid St

Description

Excellent Investment Opportunity for passive income w/ 8% Cap Rate and long term tenant. This 4,400 Sq. Ft. insulated steel-framed metal building, situated on a 0.21-acre lot, offers a versatile layout designed to suit a variety of business needs. Featuring a front retail space with office and one bathroom, and a spacious warehouse area with a roll-up door, this property provides seamless functionality and flexibility. The warehouse area boasts 10 to 13 ft. ceiling heights and durable concrete floors, ensuring easy maintenance and adaptability for storage, production, or distribution operations. Strategically positioned on the high-traffic corner of Reid & 6th Street, this location offers excellent visibility and accessibility for both customers and employees. The site includes ample parking, enhancing convenience for various commercial uses. Zoned C-2 Commercial General Light, this property accommodates a wide range of business types. The annual insurance cost is approximately $2,193. accommodates a wide range of business types. The annual insurance cost is approximately $2,193.23, and the current property taxes are $2,544.00. There is a long-term tenant, a Vape Shop, with 3 years left on their lease currently paying annually $47,628.00.