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Executive Summary
Do not miss this opportunity to acquire 516 28 Road, a highly visible, well-located property offering a 12,360 Sq. Ft. free-standing building on a 1.45-acre lot. This property features direct access from 28 Road and is equipped with ample parking and modern amenities. Originally designed as a bank branch, the building includes: • A 3-car drive-thru lane • A 1-car ATM drive-thru lane • 48 parking spaces, including 2 ADA-compliant spots The thoughtfully designed interior with spacious main floor plan includes: • An open waiting area • 5 built-in teller stations (serving up to five customers simultaneously) • 32 private offices (including a co-working office with five stations) • 2 lobby workstations • 2 breakrooms, one featuring a full kitchen with modern appliances (fridges, dishwasher, built-in microwave, stove/oven, seating area, cabinetry, and countertops) • 4 separate ADA-compliant restrooms (2 men’s and 2 women’s) • A training center/conference room • Copier and storage room (with built-in cabinetry and countertops) • A supply room and additional storage spaces • A secure bank vault • Security cameras and fire alarm system Situated in a dense commercial and residential area surrounded by apartments and local, regional, and national brands, this property presents an ideal opportunity for investors and/or owner-users alike, suitable for businesses in banking, accounting, legal services, etc. Located 0.15 miles from North Avenue and less than a mile from Lincoln Park, Red Cliff Pointe Shopping Center, VA Hospital, Dollar Tree, Big 5 Sporting Goods, U-Haul Moving & Storage, and so much more.
Tenant in place. Lease terms 3,000 S/F, $3,750 Mo Base ($15.00 S/F), Tenant pays prorated property tax, utilities insurance, and maintenance. Lease space includes branch, drive through teller lines and vault.
Property Highlights -
Exterior
• Acreage: 1.45
• Surrounded By Dense Commercial & Residential
• Drive Thru Lane: 3
• ATM Lane: 1
• Parking Spaces: 48
• ADA Parking Spaces: 2
• Pole Signage
Interior
• Square Footage: 12,360
• No Offices: 32
• No Bathrooms: 4
• No Teller Stations: 5
• No Breakrooms: 2 (1 Full Kitchen)
• Training Center/Conference Room
• Copier & Storage Room
• Security System
• Bank Vault
• Fire Alarm
• Strong Tenant In Place (3,000 S/F)
Tenant in place. Lease terms 3,000 S/F, $3,750 Mo Base ($15.00 S/F), Tenant pays prorated property tax, utilities insurance, and maintenance. Lease space includes branch, drive through teller lines and vault.
Property Highlights -
Exterior
• Acreage: 1.45
• Surrounded By Dense Commercial & Residential
• Drive Thru Lane: 3
• ATM Lane: 1
• Parking Spaces: 48
• ADA Parking Spaces: 2
• Pole Signage
Interior
• Square Footage: 12,360
• No Offices: 32
• No Bathrooms: 4
• No Teller Stations: 5
• No Breakrooms: 2 (1 Full Kitchen)
• Training Center/Conference Room
• Copier & Storage Room
• Security System
• Bank Vault
• Fire Alarm
• Strong Tenant In Place (3,000 S/F)
Property Facts
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Office
Building Size
12,360 SF
Building Class
B
Year Built/Renovated
2000/2005
Price
$3,200,000
Price Per SF
$258.90
Tenancy
Single
Building Height
1 Story
Typical Floor Size
12,360 SF
Building FAR
0.20
Lot Size
1.43 AC
Zoning
MU-1 - Multi use
Parking
44 Spaces (3.56 Spaces per 1,000 SF Leased)
Amenities
- Banking
- Security System
- Signage
- Air Conditioning
Bike Score®
Very Bikeable (86)
Property Taxes
| Parcel Number | 2943-073-25-022 | Improvements Assessment | $520,300 |
| Land Assessment | $108,020 | Total Assessment | $628,320 |
Property Taxes
Parcel Number
2943-073-25-022
Land Assessment
$108,020
Improvements Assessment
$520,300
Total Assessment
$628,320
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516 28 Rd
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