Description
Hunters Real Estate has been retained on an exclusive basis to arrange for the sale of 417 W Olney Ave. Current use is a daycare and sits on a huge 15,000 square foot lot. This commercial corner property is located at the intersection of Olney and Lawrence streets, offering excellent visibility and access to potential customers. This lot measures 150 feet by 100 feet, or approximately 0.344 acres. It is zoned for CA1 use, which allows for a wide range of commercial and mixed-use developments. Rent roll is $8,700/month with rent increasing year over year matching the CPI not exceeding 4%. Tenant lease is in the first 5-year option, with another 5-year option remaining. NN LEASE expires in 2032. The property features 6,928 square feet of available space, providing ample room for your business to grow and thrive. This property is an excellent investment opportunity for those looking to continue operating a daycare facility, or for those looking to repurpose the space for a new venture. Don't miss out on this rare opportunity to secure a prime commercial property in a highly sought-after location.
Location
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Listing information provided courtesy of the Bright MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 27th March, 2023 4:09 PM (UTC)
