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Executive Summary
Priced to sell (AS IS). Well-kept centrally located income generating vacant property in heart of Spotswood business district. Prime Commercial Investment Opportunity in the Heart of Spotswood! Don't miss this well-maintained, centrally located three-unit commercial property, ideally positioned in the vibrant Spotswood business district. Offering excellent visibility, accessibility, and income potential, this versatile property is perfect for both investors and owner-users. The flexible layout accommodates a variety of professional and retail uses, including attorneys, real estate offices, accountants, education center, medical or wellness providers, and boutique retail concepts. Main Level: Two private offices totaling approximately 500 sq ft ideal for client-facing businesses. Upper Level: Approximately 500 sq ft featuring additional office space, a half bath, and a convenient pantry area. Lower Level: Spacious ~450 sq ft open-concept area with reception space and half bath perfect for retail or service use such as a coffee shop, barber shop, boutique, tattoo studio, or small cafe. Whether you're looking to occupy one unit and generate rental income from the others, or fully lease the building for maximum return, this property offers outstanding flexibility and long-term value. A rare opportunity to own a prime commercial asset in a thriving location schedule your private tour today!
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
1,650 SF
Building Class
C
Year Built
1933
Price
$490,000
Price Per SF
$296.97
Cap Rate
11%
NOI
$53,900
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,200 SF
Building FAR
0.16
Lot Size
0.23 AC
Zoning
GC - commercial
Parking
15 Spaces (0 Spaces per 1,000 SF Leased)
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
- Basement
- 550 SF
- Office/Retail
- Partial Build-Out
- Now
- 1st Floor
- 550 SF
- Office/Retail
- Partial Build-Out
- Now
- 2nd Floor
- 550 SF
- Office/Retail
- Partial Build-Out
- Now
| Space | Size | Space Use | Build-Out | Available |
| Basement | 550 SF | Office/Retail | Partial Build-Out | Now |
| 1st Floor | 550 SF | Office/Retail | Partial Build-Out | Now |
| 2nd Floor | 550 SF | Office/Retail | Partial Build-Out | Now |
Basement
| Size |
| 550 SF |
| Space Use |
| Office/Retail |
| Build-Out |
| Partial Build-Out |
| Available |
| Now |
1st Floor
| Size |
| 550 SF |
| Space Use |
| Office/Retail |
| Build-Out |
| Partial Build-Out |
| Available |
| Now |
2nd Floor
| Size |
| 550 SF |
| Space Use |
| Office/Retail |
| Build-Out |
| Partial Build-Out |
| Available |
| Now |
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Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 24-00108-0000-00035 | Improvements Assessment | $169,700 |
| Land Assessment | $169,900 | Total Assessment | $339,600 |
Property Taxes
Parcel Number
24-00108-0000-00035
Land Assessment
$169,900
Improvements Assessment
$169,700
Total Assessment
$339,600
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