8,723 square foot retail and office building in historic downtown Monument. Unique historic building with Southwest style. Stucco building on exterior and interior. Main level features a retail bookstore and retail decor/paint shop. Monument Pharmacy is the anchor tenant. Three small offices are leased in the basement level. Office space is leased to various professionals on the first and second level. The building is fully leased. Mezzanine and entrance features a brick barrel ceiling and south western style wood staircase. Approximately 30 parking spaces. This property has excellent investment cash flow and long term equity growth potential. Unique location, extremely low historical vacancy and future income potential make this a great possibility for investors.
Net Operating Income is $80,000 making this an 8% CAP rate investment at the asking price! - Number of buildings: 1 - Class of space: Class B - Tenancy: Multiple Tenants
|25 Mb/s: Comcast|
|1.5 Mb/s: CenturyLink|
|10 Mb/s: Integra Telecom|
|1.5 Mb/s: MegaPath Corporation|
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