524 Lakeshore Dr Commercial Retail Plaza with C5-sp2 zoning and four established long term tenants. Building is approximately 15,400 sqft on a 187 ft x 300 ft corner lot fronting on Lakeshore Dr and Marshall Park Dr. Solid returns including Gross Income of $277,574.43 Total Expenses $82098.15 with a Net Income of $195,476.28. One unit is vacant 2100 sqft and actively being marketed on MLS for lease at $14 per foot triple net and is included in the Gross Income analysis. All leases are triple Net, membrane roof under 10 yrs, multiple HVAC units, 3 phase electrical, multiple common area parking spaces.
Mike Burman - REALTY EXECUTIVES Local Group Inc., Brokerage