Description
INVESTOR ALERT! Location, Location, Location, Location, Location! 10,000 sf of residential and commercial rental space located on the heavily traveled North 25th St in Middlesboro, KY. This 2 story building sits on 1.3 acres and has a 48+ year revenue history. The 1st floor has 5,000 sf of commercial space. 3,500 sf is currently leased and being utilized as a convenience store. 1,500 sf is being utilized as a laundromat and has been owner for the past 48+ years. Although currently owner operated, a tenant for the laundromat has been identified and is willing to sign a long term lease. The 2nd floor consists of 8 apartments that also have a 48+ year of revenue history and is currently 100% occupied. A new HVAC system has recently been installed, the roof is 4 years young, and the exterior of the building has recently been painted. Priced at $1,200,000, this is a great opportunity to purchase a building with multiple revenue streams in a great location. Call the listing agent for detailed financial information.
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0BEDS
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1ACRES
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0BATHS
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01/2 BATHS
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5,200SQFT
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$231$/SQFT
School Ratings & Info
Description
INVESTOR ALERT! Location, Location, Location, Location, Location! 10,000 sf of residential and commercial rental space located on the heavily traveled North 25th St in Middlesboro, KY. This 2 story building sits on 1.3 acres and has a 48+ year revenue history. The 1st floor has 5,000 sf of commercial space. 3,500 sf is currently leased and being utilized as a convenience store. 1,500 sf is being utilized as a laundromat and has been owner for the past 48+ years. Although currently owner operated, a tenant for the laundromat has been identified and is willing to sign a long term lease. The 2nd floor consists of 8 apartments that also have a 48+ year of revenue history and is currently 100% occupied. A new HVAC system has recently been installed, the roof is 4 years young, and the exterior of the building has recently been painted. Priced at $1,200,000, this is a great opportunity to purchase a building with multiple revenue streams in a great location. Call the listing agent for detailed financial information.
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Listing provided courtesy of David Gambrell of Coldwell Banker Bisceglia Realty & Auction Co. Listing information © 2022 LBAR Multiple Listing Service. All rights reserved.