Commercial Property for Sale or Lease

[brownpm 0]

Hello Entreprenuers and Investors:

 

Located in Wilmington, OH this 1400 SF Commercial building is for Sale or Lease, also has lot's of drive by traffic located where 2 major highways intersect on Main St. Currently houses 3 Hairdresser's stations, and 2 private Licensed Medical Massage Therapist rooms. Also has 1.5 baths. All equipment stays including Fridge, all stations, salon chairs, and miscellaneous hairdressing equipment.

 

Building is in tip-top shape with new roof (less than 5 years old) and new AC/Heating system. More recent improvements include new exterior paint job & sidewalk concrete replacement.

 

Just raised Rents throughout in June...

 

Monthly Breakdown

 

Income:

3 Stations rent for $285/mo or $70/wk - $855

2 Private rooms rent for $165/mo or $45/wk - $330

Total Income - $1185

 

Expenses:

Average Electric - $110

Average Gas - $60

Phone - $41

Taxes - $42

Insurance - $48

Total Expenses - $301 (25%)

 

Net Operating Income (income less expenses) - $884 (75%)

 

I'm very flexible on this property. Everything is based on a $97,500 purchase price. I would entertain master lease, or partial lease, and of course straight sale and/or Land Contract. For more details check the following link:

 

915 W Main St

 

Let me know if you have any questions, either reply to this message or call 937-313-6938.

 

Thanks, Pat