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Investment Highlights
- Easily accessible location.
Executive Summary
Two buildings comprising 8,400 SF on a 3.8-acre lot with 1.5 acres of parking/IOS space. Zoning is GB (General Business), which allows a wide range of commercial, office, and service uses including contractor's offices and storage. Main building is approximately 6,700 SF and includes 1,340 SF of fully conditioned office space and 5,360 SF of heated warehouse space with ceiling heights ranging from 9' to 16' at eaves (11' to 19' at peaks), radiant floor heat, and served by 3 drive-in doors. Second building is 1,690 SF manufacturing/warehouse space with 11’ clear ceiling height and is served by one drive-in door. The property is served with 800 amps, three-phase electric service, and public water and sewer. The Property has served as the home of Federal Stone Industries (pool coping manufacturer) for over 80 years; Federal Stone is transitioning to a new facility and has limited current operations at this property. Property will be conveyed vacant; several storage sheds are available to convey with the Property.
Property Facts
| Price | $1,200,000 | Lot Size | 3.88 AC |
| Price Per SF | $142.86 | Rentable Building Area | 8,400 SF |
| Sale Type | Investment or Owner User | No. Stories | 1 |
| Sale Condition | High Vacancy Property | Year Built | 1935 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Warehouse | Parking Ratio | 2.98/1,000 SF |
| Building Class | C | No. Drive In / Grade-Level Doors | 4 |
| Zoning | R2 | ||
| Price | $1,200,000 |
| Price Per SF | $142.86 |
| Sale Type | Investment or Owner User |
| Sale Condition | High Vacancy Property |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 3.88 AC |
| Rentable Building Area | 8,400 SF |
| No. Stories | 1 |
| Year Built | 1935 |
| Tenancy | Single |
| Parking Ratio | 2.98/1,000 SF |
| No. Drive In / Grade-Level Doors | 4 |
| Zoning | R2 |
Amenities
- 24 Hour Access
- Storage Space
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Manufacturing
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
Manufacturing | - | - | - |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 15-324279 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $535,733 |
Property Taxes
Parcel Number
15-324279
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$535,733
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142 Water St
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