Discover a prime investment opportunity with this medical office building prominently located in a high-income area. This established property hosts seven units across a 1.75-acre lot, featuring five professional tenants, three of whom are long-term, enhancing stability and investment reliability. Despite its current occupancy, there are two available units, presenting an immediate value-add potential through lease-up at market rates. Recently enhanced with a new roof in 2023 and a freshly sealed parking lot, the building is well-maintained and equipped to meet medical standards, including a specialized radiation room. The ample parking facility includes 72 spaces, accommodating both staff and client needs effortlessly. Strategically positioned to capture significant daily traffic, the site benefits from visibility to over 20,667 cars per day. The surrounding demographics are ideal for medical professionals, with an average household income exceeding $130,000 within a 5-mile radius and a population of 142,000 potential clients. Additionally, the spacious lot offers expansion possibilities with enough room to erect additional buildings, further enhancing its value. This property not only promises a steady flow of current income but also offers substantial growth potential through strategic management and development. An investment here is not just in property but in the future of healthcare services in a thriving community.
| Date | Price |
|---|---|
| -- | New Value: $1,800,000 |
| 8/8/2024 1:24:00 PM | New Value: $1,800,000 |