High Traffic Business Property

Many different commercial or professional possibilities available with multiple units allowed and all with separate entrances. Extremely high traffic corner location and substantial visibility including signage on major artery and close proximity to I 95 and US 1. High density of population within 1 mile with almost 1000 apartment units plus single homes and much commercial businesses. Building can be used as 1, 2 or 3 units. Currently being used as 3 units ( insurance office, accounting office, residential boarding unit (2nd floor) with owner occupying 1 of the units but commercial zoning allows for other commercial uses. Currently, boarding unit is rented month to month for $1000/month and accounting office at $600/month. Owner pays all utilities as there is 1 HVAC unit and electric meter for the entire building. Building is in excellent move in condition with newer heat and central air conditioning, new roof 2022 and first floor bathroom currently being remodeled. See attachments for floor plan, parking plan, and tax map parcel. Property survey is available upon request. Fantastic opportunity for a business owner to operate with almost 1900 sf. and/or collect rent to support mortgage, if so desired.. Owner will consider a partial lease back for 2 rooms. Property is priced as a business owner occupied property, with added rental income, if so desired. It is not priced as an investment property. Property has been a well known as a business location in the area since the 1960’s and continues to bring in business for current business occupants. Current owner is looking to downsize to smaller quarters in the local area and will also consider partial rental of 2 rooms in the building.
90% financing for qualified owner/use available through SBA. Monthly mortgage payment (P&I) would be approximately $3000/month and with $1600/month rental income would yield a net mortgage payment to the owner of only $1400/month.