$370,000

Excellent investor or owner operator opportunity! This industrial/commercial warehouse and shop is located a prime location near the local YMCA. The property is tenant occupied with a Gross Operating Income of $24,200 (which is an intentionally discounted rate) and GPI of $33,600. The previous lease was $2,700 per month for a GOI of $32,400. Tenant has a modified net lease and pays all utilities and expenses. The warehouse was renovated in 2021 opens to a spacious interior featuring high 10.5-foot ceilings and concrete floors. The building includes two half-baths and a large shed in the back. Currently utilized as a shop and warehouse, the space is versatile enough to accommodate a variety of light industrial uses. The warehouse is also equipped with 400 amp single phase and 3 phase electrical service for industrial power. There are two roll-up garage doors with openers, and a loading dock that makes this property functional for many uses more than a shop or warehouse. The fenced boundary and security cameras ensure privacy and security, while the front of the property features up to eight parking spaces with potential for expansion. There are both city sewer and water service as well as gas available at the street.