Former medical office space under renovation and under a new 5-year lease available for an investor seeking strong returns with a high CAP rate of 8%. Full lease payment begins September 1, 2026. Tenant responsible for all property taxes, regime, and insurance costs. New tenant to use for medical education… Read More purposes once renovations are complete. Adjacent suite, 1300, is also under lease to same tenant and same lease terms. The building has an association and regime fee that covers most operating costs. Not included are condo insurance and interior janitorial. The association has modified the uses within the building to include other professional uses and some retail such as food service or some retail related to medical such as a pharmacy or eyewear. Lease shall be made available with acceptable offer. Read Less
Courtesy of Tad Barber, Re/max Tattersall Group
Listing Snapshot
Days Online
1
Last Updated
Property Type
Office
Square Ft.
2,642
Lot Size
0.06 Acres
Year Built
1985
MLS Number
100596317
Additional Details
Property Access
Road frontage type: City Street, State Road, 2 - 3 Lanes, Asphalt
Basement
None
Building
Built in 1985, Construction materials: Block, Brick Veneer, Steel Frame, Structure type: Steel Frame, Toal building area: 2642
Cooling
Central Air
Floors
Concrete, Vinyl
Heating
Electric, Forced Air, Zoned
Home Owner's Association
Association fee: $17,516, Association amenities: Other
Income
Net operating income: $47,556
Lot
0.06 acres, 2,614 sqft, See Remarks
Parking
300 total parkings, Asphalt
Property
Zoning: Office
Roof
Membrane, Flat
Taxes
Year: 2025
Utilities
Electricity Available, Sewer Connected, Water Connected
Find The Perfect Home
'VIP' Listing Search
Whenever a listing hits the market that matches your criteria you will be immediately notified.
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of Hive MLS, and is updated as of . All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Re/max Tattersall Group shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data.
Confirm your time
Fill in your details and we will contact you to confirm a time.
Seaport Real Estate
or message me directly
Find My Dream Home
Put an experts eye on your home search! You’ll receive personalized matches of results delivered direct to you.
Import This Listing
Import Completed
To view your listing, click one of the options below.