1009 Se 8th Avenue is a $400,000, 5,440 square foot home located in Austin, MN.
This building is located within Austin’s Opportunity Zone and priced to sell at a 9% to 14% CAP, depending on lease structure and assets securing the lease. The location is occupied by a successful automotive repair shop & with profitable automatic car wash, both have a long history of serving the community. The tenant is strong and willing to secure the lease with the business equipment. The owner & tenant are willing to open up the books & provide tax returns once he meets a potential buyer. Please call the broker for more information regarding multiple ways to purchase this property.
Amenities (Commercial) - Smoke Detectors
Tenant Pays (Income and Commercial) - Broadband
Amenities (Commercial) - Fire Alarm
Amenities (Commercial) - Restrooms
Overhead Door Clearance (Commercial) - 10-14 Feet
Overhead Door Clearance (Commercial) - 15-20 Feet
Sale Includes (Commercial) - Building
Fuel - Natural Gas
Tenant Pays (Income and Commercial) - Electric
Tenant Pays (Income and Commercial) - Snow
Tenant Pays (Income and Commercial) - Trash
Tenant Pays (Income and Commercial) - Water/Sewer
Tenant Pays (Income and Commercial) - Fuel
Exterior - Aluminum
Road Frontage/Land Improvements - City
Sale Includes (Commercial) - Land
Family-Less Than 1/2 Acre
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Based on information from the REALTOR Association of Southern Minnesota, last updated 08/19/2019 at 03:46am MDT. Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS or this website.