4-Unit Flex Building w/ Value-Add – Springfield Township

Investment Overview

This fully leased, multi-tenant flex building offers stable in-place income and long-term upside for investors seeking small-bay commercial exposure in a high-demand corridor of Springfield Township.

The 3,794 SF building is configured into four suites of approximately 950–990 SF each, occupied by a diverse mix of service-oriented and specialty users. Each unit includes a private restroom and is separately metered for electric and water, supporting efficient operations and simplified expense allocation.

Recent capital improvements include a brand-new roof installed in 2024 ($25,000) and updated electrical systems. The property is positioned for continued cash flow with minimal near-term capital requirements.

Due to site configuration and adjacent property improvements, the suites function as flex studio / service-commercial spaces rather than traditional drive-in garage bays, making the asset best suited for investors comfortable with non-traditional tenant profiles.

With an in-place NOI of $29,800, B-2 zoning allowing a wide range of commercial uses, and strong demand for small-format commercial space in the submarket, this property presents an opportunity for buyers seeking yield, stability, and future repositioning potential.

Highlights

Stabilized In-Place Income

• Fully leased 4-unit commercial building with 100% occupancy

• In-place NOI of $29,800, providing immediate cash flow from day one

Small-Bay Multi-Tenant Format

• Approx. 3,794 SF total, divided into ~950–990 SF suites

• Strong demand for small-format commercial space in the submarket

Efficient Expense Structure

• Individually metered electric and water for each suite

• Limited landlord responsibility relative to gross rent collected

Recent Capital Improvements

• New roof installed in 2024 ($25,000)

• Updated electrical systems reduce near-term capital exposure

Flexible Zoning + Tenant Use

• B-2 zoning allows a wide range of service-commercial, specialty, and flex uses

• Diverse tenant mix reduces reliance on a single income source

Functional Flex / Studio Configuration

• Suites operate as flex studio / service-commercial spaces

• Best suited for specialty, club-style, creative, or service-oriented users

Attractive Basis for Private Investors

• Pricing and structure appeal to cash and local investors

• Opportunity to improve financing profile over time through tenant repositioning or lease restructuring

Long-Term Optionality

• Potential to reconfigure access, improve site functionality, or reposition tenant mix

• Upside exists through operational clarity rather than immediate redevelopment

Infill Location with Durable Demand

• Located along Vine Street near Springfield Pike

• Consistent demand for affordable commercial space in an established corridor