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INVESTMENT HIGHLIGHTS
- Large Parking Lot
- Open Plan with large dance floor
- commercial Kitchen
- centrally located
EXECUTIVE SUMMARY
Venue, Venue, Venue !! Prime Investment Property that's currently being used as a Multi-floor Venue. Set up for DJ booth on both the Main Level and Basement Level. Main level is set up to hold 300+ guests and includes a large open dance floor, set capacity for for several tables/chairs, large kitchen are for catering that includes 10 burner commercial stove, DJ booth and bathrooms. The Basement Level can host up to 100 people and features a large wet bar, dance floor area ample space for table and chairs and also a DJ booth. This property has only been utilized on a part-time basis BUT this property could bring so much more potential !!
FINANCIAL SUMMARY (ACTUAL - 2022) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2022) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
7,200 SF
Building Class
C
Year Built/Renovated
1960/2016
Price
$450,000
Price Per SF
$62.50
Cap Rate
4.64%
NOI
$20,900
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
0.71 AC
Opportunity Zone
Yes
Zoning
C-2 - general commercial
Parking
45 Spaces (6.25 Spaces per 1,000 SF Leased)
Frontage
99’ on 12th St
AMENITIES
- Conferencing Facility
- Fenced Lot
- Signage
- Accent Lighting
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 28-210-22-29-00-0-00-000 | Improvements Assessment | $5,072 (2025) |
| Land Assessment | $123,091 (2025) | Total Assessment | $128,163 (2025) |
PROPERTY TAXES
Parcel Number
28-210-22-29-00-0-00-000
Land Assessment
$123,091 (2025)
Improvements Assessment
$5,072 (2025)
Total Assessment
$128,163 (2025)
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5400 E 12th St
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