Location, location! One story office building on the corner of Rehoboth Ave and Sate Road with excellent exposure. Zoned C-1 Commercial. Rigby's Restaurant- 2643 Sq. Ft. + 758 Sq. Ft. Patio Area has a renewed lease to 2023 (w/annual increase). They pay $64,927 NNN in 2018. Lawson Firm- 688 sq. ft. Triple net leasing income is $64,927. Roof replaced in 2014; Painted 2013; 2 HVAC units new in 2012. For FUTURE POTENTIAL if you wish to re-build, the City will allow a building area of 20,844 (2.0FAR). Maximum building height is 42 ft. Property is fronting on both Rehoboth Avenue and State Road.
|--||New Value: $2,450,000|
|10/13/2018 2:26:23 PM||New Value: PENDING|
|6/6/2018 10:12:00 AM|