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Previous Description:
EXCELLENT INVESTMENT OPPORTUNITY AT 5032 PLANK RD FEATURING A FREESTANDING COMMERCIAL BUILDING WITH AN ESTABLISHED TENANT IN PLACE. THE CURRENT TENANT OPERATES A USED CAR SALES AND REPAIR BUSINESS AND IS SECURED UNDER A 3-YEAR LEASE AT $2,000 PER MONTH, PROVIDING IMMEDIATE AND STABLE INCOME FOR AN INVESTOR. THE PROPERTY IS WELL-POSITIONED ALONG PLANK ROAD, BENEFITING FROM STRONG VISIBILITY AND STEADY TRAFFIC FLOW, WITH APPROXIMATELY 10,000 TO 13,000 VEHICLES PER DAY IN THE AREA, ENHANCING LONG-TERM BUSINESS VIABILITY. THE BUILDING IS EQUIPPED WITH CENTRAL AIR AND A GAS HEATER, OFFERING FUNCTIONAL AND COMFORTABLE SPACE FOR A VARIETY OF COMMERCIAL USES. ANNUAL PROPERTY TAXES ARE APPROXIMATELY $772.33, AND INSURANCE IS ESTIMATED AT $1,000 PER YEAR, CONTRIBUTING TO LOW OPERATING EXPENSES AND STRONG RETURN POTENTIAL. THIS PROPERTY IS ALSO AVAILABLE AS PART OF A PACKAGE WITH THE ADJACENT CAR WASH AT 5004 PLANK RD, PRESENTING A UNIQUE OPPORTUNITY TO ACQUIRE MULTIPLE INCOME-PRODUCING ASSETS IN A HIGH-TRAFFIC CORRIDOR.
Updated Description:
Excellent investment opportunity at 5032 Plank Rd featuring a freestanding commercial building with an established tenant in place. The current tenant operates a used car sales and repair business and is secured under a 3-year lease at $2,000 per month, providing immediate and stable income for an investor. The property is well-positioned along Plank Road, benefiting from strong visibility and steady traffic flow, with approximately 10,000 to 13,000 vehicles per day in the area, enhancing long-term business viability. The building is equipped with central air and a gas heater, offering functional and comfortable space for a variety of commercial uses. Annual property taxes are approximately $772.33, and insurance is estimated at $1,000 per year, contributing to low operating expenses and strong return potential. This property is also available as part of a package with the adjacent car wash at 5004 Plank Rd, presenting a unique opportunity to acquire multiple income-producing assets in a high-traffic corridor.
