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Property Description

(Agents see private) Potential $60k rental income. This 4-unit commercial property offers incredible income potential, located directly off of HWY 85, and directly across from Fayetteville Pavillion. The commercial unit square footage upstairs is ~4000 SF total, and the complex also offers 15 storage units, ranging in three different sizes located on the bottom backside. Commercial units are FULLY OCCUPIED, as the four units upstairs have been converted to two larger units. Two extremely long-term tenants. Both sides also have an extra basement unit, that can be separately rented or used as storage. The units have a kitchen, while one has a shower. Roof ~5 years old, HWH ~5 years old, 3 of 4 units, ~3 years old. Septic was pumped ~ 2 years ago. Currently offered with a cap rate of ~7% with GROSSLY undervalued rental rates and only ~5 of the 15 storage units occupied. Rental rates are ~$1 per SF in the surrounding area. Proforma cap rate ~10%. Land continues way beyond buildings and parking lots for opportunities for extended parking or more buildings. Property DOES NOT lie in Fayetteville city limits. You only have to answer to the county.

Overview

Property Status
Sold
Lot Size
1.09 Acres
MLS ID
7102139
Property Type
Commercial
Year Built
1985

Features & Amenities

Water Frontage
None
View Description
Trees/Woods
Stories
1
Utilites
Cable Available, Electricity Available, Water Available
Roof
Other
Lot Features
Business Park, Cul-De-Sac
Parking
Parking Lot
Heat Type
Central
Air Conditioning
Central Air
Substructure
Block
Disability Features
None
Security Features
None
Green Feature
None
Sales Price
$425,000
Real Estate Tax
$2,370/yr
Zoning
C-CH

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110 Huntington Park Drive

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