Great investment opportunity in downtown Homewood! 7600 SF commercial building with 3 retail spaces and 5 offiices with 100% occupancy. Proforma cap rate, based on 2022 income and expenses, is 6.6%. Stabilized investment with over $120,000 in capital improvements; low inventory office/retail units in Homewood's downtown district, means increased future lease rates for owners. Brand new mixed use development, The Hartford, being constructed next door will include 36 apartments and upscalre restaurant and increase pedestrian traffic into the downtown shopping district. Homewood is also the proposed new site for the Wind Creek Casino, projected to open mid-2023.
Based on information submitted to the MLS GRID as of 03/28/2024 03:41 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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