****VALUE ADD RETAIL CENTER BELOW MARKET RENT | 3466 University Ave
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****VALUE ADD RETAIL CENTER BELOW MARKET RENT 3466 University Ave
5,000 SF Vacant Retail Building Columbus, GA 31907 $450,000 ($90/SF) 10.27% Cap Rate
Investment Highlights
- This property, nestled on a 1-acre plot, offers a compelling investment opportunity priced at $450K.
- Boasts 55 parking spaces, catering to the needs of both tenants and customers.
- Strategically positioned in a high-traffic area with convenient access to major roads and highways, ensuring maximum exposure for businesses.
- Hair salon, nail salon, laundry mat, convenience store, providing a diverse range of services to the local community & ensuring steady rental income
Executive Summary
****VALUE ADD RETAIL CENTER BELOW MARKET RENTS MTM*****
Nestled on a 1-acre plot and originally built in 1978, with renovations in 1989, this property boasts 55 parking spaces and presents a compelling investment opportunity priced at $450K. Strategically positioned in a high-traffic area with convenient access to major roads and highways, it serves as an ideal hub for businesses seeking maximum exposure. Currently housing a hair salon/nail salon, COIN LAUNDRY and convenience store, this property offers a diverse range of services to the local community, ensuring steady rental income and a strong tenant base. Whether you're a seasoned investor seeking stable returns or a business owner looking to establish your retail or office space in a prime location, this property caters to a multitude of aspirations. For further information or to arrange a viewing, reach out to Jeff Hammond, Principal at HSI Commercial, via phone at (210) 889-6819 or email at jeff@roicommercialadvisors.com.
Nestled on a 1-acre plot and originally built in 1978, with renovations in 1989, this property boasts 55 parking spaces and presents a compelling investment opportunity priced at $450K. Strategically positioned in a high-traffic area with convenient access to major roads and highways, it serves as an ideal hub for businesses seeking maximum exposure. Currently housing a hair salon/nail salon, COIN LAUNDRY and convenience store, this property offers a diverse range of services to the local community, ensuring steady rental income and a strong tenant base. Whether you're a seasoned investor seeking stable returns or a business owner looking to establish your retail or office space in a prime location, this property caters to a multitude of aspirations. For further information or to arrange a viewing, reach out to Jeff Hammond, Principal at HSI Commercial, via phone at (210) 889-6819 or email at jeff@roicommercialadvisors.com.
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Storefront
Building Size
5,000 SF
Building Class
C
Year Built/Renovated
1978/1989
Price
$450,000
Price Per SF
$90
Cap Rate
10.27%
NOI
$46,200
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.11
Lot Size
1.00 AC
Zoning
C
Parking
55 Spaces (11 Spaces per 1,000 SF Leased)
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Corlette Cooper
- -
-
99,999 SF
-
$9.99
-
Lorem Ipsum
- -
- Dels Grill
- -
-
99,999 SF
-
$9.99
-
Lorem Ipsum
- -
- Saiyedail Inc
- -
-
99,999 SF
-
$9.99
-
Lorem Ipsum
- -
- Van Cant
- -
-
99,999 SF
-
$9.99
-
Lorem Ipsum
- -
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Corlette Cooper | - | 99,999 SF | $9.99 | Lorem Ipsum | - | |
| Dels Grill | - | 99,999 SF | $9.99 | Lorem Ipsum | - | |
| Saiyedail Inc | - | 99,999 SF | $9.99 | Lorem Ipsum | - | |
| Van Cant | - | 99,999 SF | $9.99 | Lorem Ipsum | - |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 068-023-004 | Total Assessment | $170,752 (2023) |
| Land Assessment | $37,636 (2023) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $133,116 (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
068-023-004
Land Assessment
$37,636 (2023)
Improvements Assessment
$133,116 (2023)
Total Assessment
$170,752 (2023)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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****VALUE ADD RETAIL CENTER BELOW MARKET RENT | 3466 University Ave
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