715 N Murray Ave

Investment Overview

Building Size: 13,843 SF +/- Lot Size: 1.01 AC +/- Base Zoning: NC (Neighborhood Commercial) Asking Price: $750,000 7.5% Cap Rate! Lease Expiration: 6/30/28 with one 5 year option! Great location near downtown and just 0.2 miles from $44M 156 unit apartment project under construction! Current Base Rent of only $4.07/SF providing long term upside! Attractive Price Point for Investment Property! Property has operated as a tire store for 60 years! "Please note that current use does not conform with current zoning of NC (Neighborhood Commercial). If property goes vacant for more than 4 months the new use will be required to comply with current zoning."