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Airbnb \ Retail 9.48% CAP (OWNER FINANCING) 11 E Main St 3,876 SF 100% Leased Retail Building Marlton, NJ 08053 $1,116,735 CAD ($288.12 CAD/SF) 10.04% Cap Rate
INVESTMENT HIGHLIGHTS
- Airbnb
- owner financing available
- 9.48 % cap rate
- NN Retail Tenant
EXECUTIVE SUMMARY
Seamless Investment Experience: Step into a fully renovated gem!
This turnkey investment opportunity has undergone a comprehensive
rehab in 2022, leaving no stone unturned. With all the hard work
already taken care of, you can dive straight into reaping the rewards of
this prime mixed-use property. Say goodbye to the hassle of
renovations and hello to a hassle-free investment experience!"
» Stable and Lucrative Leases: The commercial unit on the first floor
comes with a remarkable 9-year NNN lease, guaranteeing a stable and
consistent income stream for years to come. The retail tenant consists of an esthetician and
a cosmetic Doctor with two personal guarantees. Additionally, the residential
unit on the second floor is currently operating as a highly successful Airbnb,
boasting excellent ratings, glowing reviews, strong booking history, and
exceptional returns.
Impeccable Improvements: This property has received a complete
makeover, including a new roof, windows, siding, and 3 HVAC units.
The newly paved asphalt parking lot is fully lined, providing ample
space for tenants and customers. Both the commercial and residential
units have been upgraded with wood flooring, tiled bathrooms, and
stylish tiled backsplashes. Every detail has been carefully considered
to enhance the overall appeal and value of this investment."
Owner financing available to qualified buyers
Contact Dawn or Jason for more information
This turnkey investment opportunity has undergone a comprehensive
rehab in 2022, leaving no stone unturned. With all the hard work
already taken care of, you can dive straight into reaping the rewards of
this prime mixed-use property. Say goodbye to the hassle of
renovations and hello to a hassle-free investment experience!"
» Stable and Lucrative Leases: The commercial unit on the first floor
comes with a remarkable 9-year NNN lease, guaranteeing a stable and
consistent income stream for years to come. The retail tenant consists of an esthetician and
a cosmetic Doctor with two personal guarantees. Additionally, the residential
unit on the second floor is currently operating as a highly successful Airbnb,
boasting excellent ratings, glowing reviews, strong booking history, and
exceptional returns.
Impeccable Improvements: This property has received a complete
makeover, including a new roof, windows, siding, and 3 HVAC units.
The newly paved asphalt parking lot is fully lined, providing ample
space for tenants and customers. Both the commercial and residential
units have been upgraded with wood flooring, tiled bathrooms, and
stylish tiled backsplashes. Every detail has been carefully considered
to enhance the overall appeal and value of this investment."
Owner financing available to qualified buyers
Contact Dawn or Jason for more information
PROPERTY FACTS Under Contract
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,876 SF
Building Class
C
Year Built
1940
Price
$1,116,735 CAD
Price Per SF
$288.12 CAD
Cap Rate
10.04%
NOI
$112,092 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.32
Lot Size
0.28 AC
Zoning
C-3 - supports high-intensity commercial use with large building footprints and significant parking requirements
Parking
12 Spaces (3.1 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Signage
Walk Score®
Very Walkable (72)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 13-00004-06-00007 | Improvements Assessment | $354,939 CAD |
| Land Assessment | $234,254 CAD | Total Assessment | $589,193 CAD |
PROPERTY TAXES
Parcel Number
13-00004-06-00007
Land Assessment
$234,254 CAD
Improvements Assessment
$354,939 CAD
Total Assessment
$589,193 CAD
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Airbnb \ Retail 9.48% CAP (OWNER FINANCING) | 11 E Main St
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