Property Description:

Financials: Total annual rents: $77,400 (plenty of room to increase rents) Taxes: $17,439 Utility costs $ $3,050 Mortgage (ex): 999,000- 20% down ($199,800) = 799,200 @ 3.92 x 20 years = $4,809/ mo quick Cap rate 5.82% quick CoC 8.3% To Note: A potential 32 seat restaurant has already been approved! Located within close proximity to Rte 70. 32-34 South Main St offers upscale current commercial quality in a popular Historic district. Is Medford your destiny professionally or investment wise? If so 32-34 S Main street is a must see! Located downtown in Historic Medford Village this is the second youngest building on main st and includes 6540 interior square feet of professional, retail, potential restaurant and residential space. The building is located on a corner lot with tremendous visibility and is a dominant three story tall structure. Demolished and reconstructed in 2008 the building has a new roof, new windows, new doors, fascia and new crown molding trim, new siding, new fiberglass columns, new Trex decking, and three phase electric run underground. Five current tenants occupy the separated commercial units and a tenant occupies the residential apartment on the third floor. Surprisingly there is plenty of room in the storage room.