Business for Sale Overview:
Highly profitable multi-use income property with warehousing, apartments, dormitory-style rooms, and fitness center on 5 acres approximately. Capital Rate = 10%. The current occupancy rate ranges from 74-100% across all rental units. Apartments and most rental units are newly constructed. Total estimated value of land and all improvements is $4,965,000! See extensive history and rental information in file. Seller works part-time in business and wife runs the fitness center. Many alternatives for running the entire operation exist.
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Property Features and Assets:
51,000 square feet, multi-use income property with warehousing, apartments, dormitory-style rooms, and fitness center on 5 acres approximately.
Market Competition and Expansion:
The area supports other warehouse and apartment rentals. The seller offers very competitive rates and amenities. The local economy is strong and may be able to support more rental units on 3 acres approximately currently undeveloped and included in the sale. Large mining interests in the area are driving above average growth in many business sectors.
Reason for Selling:
Retirement
Additional Details:
- The property is owned.
- The owner is not willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.