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Perfect Armchair investment or 1031 exchange property. 3,100 sq feet of commercial space on bustling Lincoln Avenue divided into two individual storefronts. Unique property with over 130 ft of road frontage that allows for tremendous exposure and excess amounts of natural light in both spaces. Established tenants already in place with options to renew in 2025. Gross rental income of over $6,000/ month and both spaces were built out in 2019-2020 with updated flooring, bathrooms, paint, etc. The building also had a new full tear-off roof installed in 2021. Management company already in place if new owner wishes to continue. There are also two deeded garage parking spaces that can be purchased with the space for an additional $25,000 each. Offered with a current CAP rate of over 6%. Leases also have 3% rent escalations. Please do not disturb or make any inquiries from current tenants. All inquiries should be made only to the listing broker

Property Details of 3738-40 North Lincoln Avenue

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Listed by Kieran Fahy of Fahy Real Estate Inc

Based on information submitted to MRED  as of December 6, 2022 . All data is obtained from various sources and has not been, and will not be, verified by broker or MRED.   All information should be independently reviewed and verified for accuracy.  Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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