Description:
Welcome to 298 W Bridge St! This income producing property is a unique find. Four commercial suites of various sizes are all occupied by tenants with several year leases. A 864 square foot shop also contains potential for income! Suite one contains a sizeable reception area, an office, and a flexible space for storage or office work. Suite two consists of a lobby, five offices, and storage. Suite three has a large lobby and reception area, six offices, and multiple supply/copy rooms. The largest unit contains seven offices, a large conference room, and a break room. The second floor also has a four bedroom apartment. Net income is estimated at $85,000 a year putting this building at a 6.5% CAP. This is excluding the income potential of the attached shop space which is projected to gross another $5,000 to $6,000 per year.