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Building is occupied by a multi year tenant who pays $750 per month or $9000 per year. Good investment property at a 6.2% cap rate. Room to raise rents, especially with area development: new road, nearby renovations, $25mm college campus within 1 mile, Main Street, downtown 1 mile away with revitalization underway, hundreds of new construction permits, surrounded by dense Multifamily, high traffic connection of downtown and major retail.
Listed by Bryan Maples of NorthGroup Real Estate,Inc.

Property Details of 1421 Main Street

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