7523 Fairmount Ave

Investment Highlights

Hi foot traffic area next to Fat Apples Restaurant.

Executive Summary

This three-unit 2,700sqft commercial building is situated at the top of heavily traveled Fairmount Ave next door to the iconic Fat Apples Restaurant. 7523 Unit A is currently an antique shop and 7523 is a Pottery/Clay shop. From an investment standpoint, based on current rents, has a good upside. Also a great owner/user property. 7523-A: New lease starting May 1, 2024. First year's rent is $2,000/mo. 2nd year is $2,150/mo. (2 year lease).7523: New lease starting May 1, 2024, rent will be $4,000/mo for the duration of the 3 year lease.Please call agents for appointment.

• Sale Type    Owner User
• Property Type    Retail
• Property Subtype    Storefront Storefront General Retail Convenience Store General Retail Fast Food General Retail Storefront Retail/Office Storefront
• Building Size    2,700
• Building Class    C
• Year Built    1950
• Price    1,350,000
• Price Per SF    500
• Tenancy    Multiple
• Building Height    1 Story
• Building FAR    0.77
• Land Acres    0.08 AC