2801 Burlington Avenue

Description

Opportunity is knocking! Well maintained Commercial Zoned Corner property measures 6785 sq ft & sits on bustling Burlington Ave, known as River Rd, sure to see your business thrive with high visibility! Located on this prime lot are 2 separate mix-use buildings - the front 1200 sq ft building is currently under a 5 yr renewable lease & is a well established motorcycle Service Facility. This building boasts a convenient 1/2 Bath, public water, compressed air, 230V & 115V outlets, Forced Gas Heat + Central Air. Power garage door, finished insulated ceiling & attached to the front building is a compressor/utility room containing two industrial compressors - a 5-hp vertical and a 10-hp horizontal. The rear 550-square-foot building is currently owner occupied/ planned to be turned over to the tenant for motorcycle business expansion. This building also boasts compressed air, 230V and 115V outlets, Forced Gas Heat, Central Air, insulated and finished ceiling, along with a 10,000-pound auto lift, likely to remain post-transition. New roof installed in 2008 + siding upgrades, replacement of all doors + windows. Lockable fenced-in area has been previously approved as having parking for up to 7+ vehicles, currently has 2 non-permanent Carports. 2 vehicle entry gates, door access and 1 walk-through gate accesses this fenced-in area. Covered storage area currently being used for material and parts storage attached to the rear of the front building. Don't miss out on this opportunity of a lifetime!! 2021 - 2021 Expense Report in MLS Attachments * Current Cap Rate 10.1%