Large Commercial Building in downtown corridor!
Here is an excellent opportunity to acquire a landmark building in small town America! This building has been home to the local fitness center for decades and continues to serve the community as such. Located on a large corner lot at the north end of downtown where there are multiple property renovations taking place, this property is primed to reap the benefits of new commerce on the downtown corridor. The main and upper levels serve as fitness space for multiple growing local businesses and include full men's and women's restrooms, locker rooms, showers and saunas. The main level is ADA accessible and the entire building is equipped with a high level security camera system as well as fiber optic internet. The basement consists of five large bays that are mostly open and ready to be utilized for storage, private office, etc. The building is equipped with central heating and A/C throughout most spaces as well as two mini-split units that were installed in 2023. There is a large gravel parking on the north side as well as a large graveled area on the east side behind the building. A new rubber membrane roof was installed within the last decade. This building is structurally sound and in great condition with very low maintenance required. The lease is a modified gross lease with very little active property management necessary. There is a lot of upside here with the location, square footage and room to develop. Located in an opportunity zone and outside of the new flood zone. There are multiple ways to increase income that are yet to be realized. Don't miss this opportunity to invest locally and own a staple in the community!
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