Net Lease investment property at the corner of 1st Avenue NE and 21st St. NE/Cottage Grove SE. Currently fully leased to a single tenant and listed at an 8.6% cap rate, the property provides short-term investment income with owner flexibility to renew the lease or convert to owner-occupancy at the end of the term. Contact listing agent for landlord responsibilities. With a striking sanctuary, classrooms, meeting rooms, and offices, this property is well suited for future assembly and educational uses and boasts some of the highest traffic counts in our market. 48-hour notice to show.
Cooling
Central Air
Flooring
Carpet
Heating
Central, Gas
Year Built
Built in 1975
Property Type
Commercial - Business
Cooling
Central Air
Days on Site
57
Exterior
Block, Frame, Concrete
Flooring
Carpet
Heating
Central, Gas
Lot Dimensions
51444
Lot Size
1.18 Acres
Parcel#
141540500500000
Parking
Off Street
Parking Notes
Off Street
Roof Type
Asphalt, Shingle
Sewer
Public Sewer
Utilities
Electricity Available, Natural Gas Available
Year Built
1975
Zoning
T-R1