Owner Financing is Available
Business for Sale Overview:
Highly profitable multi-use income property with warehousing, apartments, dormitory-style rooms, and fitness center on approximately 5 acres. The current occupancy rate ranges from 83-95% 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 to the left. 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 approximately 5 acres.
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.