Highly Visible 3800 Sq Ft Commercial Property

-Located a half mile from Forest Park between highway 40 and I-44 this property is highly visible on Hampton Ave. which sees 30,000 cars per day.
-Features 4 private offices, large open room with 5 cubicles, 2 bathrooms, a break room, a conference room and a large open warehouse area in the rear.
-This turn-key and move-in ready property is 3800 sq ft and has 16 parking spots in the rear.
-Would be an ideal space for a construction company or any trade that requires a warehouse or storage.
-Zoned residential but commercially assessed- potential for live/work.  Also a potential creative space with tall ceilings, concrete floors and over-sized windows.
-The warehouse could also be used as additional office space.
-Lease rate is $10 per foot annually which equals $3,000 per month. Based off that income the property would generate $36,000 net annually and a 12.5% cap rate.

Asking Price $289,000
Paying Buyers Agents 2.7%