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The property is being offered as a value-add neighborhood strip center with in-place rents below current market levels and a strong owner-user component. The center contains approximately 5,023 SF on a 20,323 SF lot and is positioned along a highly visible, high-traffic main roadway. The asset is in solid physical condition, with a new roof completed in 2019 and a recently resurfaced parking lot, limiting near-term capital requirements for a new owner. The offering presents clear upside through future rent growth, tenant repositioning and potential owner occupancy, making it an attractive opportunity for both investors and owner-users seeking a well-located retail property with built-in value enhancement.
Features
Age: Over 50 Years Old
Architecture Style: Other
Exterior Type: Block
Exterior Type: Shingle Siding
Legal Description: 4 52 41 GARDEN RD HIGHLANDS PB 15-64 S20FT OF LOTS 10 TO 14 INC & ALL LOTS 37 THRU 41 BLK M LESS PORT OF LOTS 37 THRU 41 DESC COMM AT NE COR