60 N Broadway

Investment Highlights

Great location, ready to build-out, core upgrades made.

Executive Summary

This one story masonry and steel building built in 1968 houses nearly 5,000 square feet of untapped potential on the main level alone. It has been totally demoed of all partition walls, ceilings, floor coverings, plumbing, HVAC and electrical down to the concrete floor, masonry walls and steel bar joists. A new 400-amp/208 volt electrical service and 40-circuit electrical panel has been installed as well as a new 6" sanitary sewer, 1" water main, and new gas main. New 5" roof insulation and a new white TPO roof system have been installed and warranted by CentiMark Roofing Corporation of Fort Wayne, IN. The exterior of the building has been painted. The full basement has also been painted white with all new fluorescent lighting installed. Between the angled parking to the north of the building and the large lot to the west, this property boasts 30 newly asphalted off-street parking spaces complete with ADA compliant sidewalks and three new concrete planters.

• Sale Type    Investment NNN
• Property Type    Retail
• Property Subtype    Restaurant
• Building Size    2,325
• Building Class    C
• Year Built    2023
• Price    2,790,000
• Price Per SF    1,200
• Cap Rate    5
• NOI    139,500
• Tenancy    Single
• Building Height    1 Story
• Land Acres    23.55 AC