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Listing ID353002
Property Type:
Commercial Sale

Sq Ft

Year Built

This Awesome well known C-store/restaurant business is for sale, including the real estate! This is currently income producing, business revenue on the low side is generating $175K with an NOI of 143k! That's at least a 13% Cap! This building is located on the corner of a main road in Madison. Location, location, location… the property is across the street from a 70+ unit apartment complex which in turn give the store a steady supply of customers! The business is doing well & the building is in great shape. Building is less than 10 yrs old! 3 units, in the 1 building. Plenty of parking available. The restaurant potion of the building also generates income from event space rentals. Just so many possibilities with this property!
County Madison
Property Sub Type Business
Property Type Commercial Sale
Cooling yes
Cooling Type Central Air
Heating Type Central
Construction Materials Frame, Metal Frame
Exterior Features Storage
Lot Features Level
Number Of Units Total 3
Parking Features Paved, Parking Space(s)
Road Frontage Type State Road
Road Responsibility Public Maintained Road
Road Surface Type Paved
Roof Metal
Building Area Source Public Records
MLS Area Major Madison
Topography Cleared,Level
Business Type Convenience Store, Professional Service, Restaurant, Retail
CLIP 2123784040
Current Use Other
Documents Available Other, Tax Information
Lease Considered no
Listing Terms Cash, Conventional, 1031 Exchange, Other
Net Operating Income 143000
Rent Includes All Utilities

© 2023 Tallahassee MLS (CATRS). All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of CATRS. Real estate listings held by IDX Brokerage firms other than Superior Realty Group LLC are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the names of the listing brokers. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Listing courtesy of Optimizing CRE LLC. Data last updated: Wednesday, March 29th, 2023 at 03:50:21 AM.

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