Shopping Auto Center

Gortney's Auto Body

Listing Price: $600,000

Cap Rate
6.00%
Gross SF
1,440
Rentable SF
1,440
Price/Gross SF
$416.67
Lot Size
0.32 acres
Year Built
1940

Investment Overview

2500 N Lombardy ST is a street retail building currently being used as an auto body repair facility. The asset is situated on .32 acres of land UB-2 which allows for a residential mixed use development, zero lot line of up to three stories. The location is on a hard, signalized corner lot. The building is a mix of office space, one drive bay and a rear dive in bay set up as a paint shop.

The general area is a mix of vehicle related sites, apartments, single family homes and retail tenants. The recent change to UB-2 zoning will spur further apartment development by right. Currently there are approximately 450 new apartment under construction in the immediate area as well as new tenants such as the Salvation Army's new headquarters and Tabol Brewery.

There exist the possible of an assemblage of adjacent parcels to form a much larger residential development. Ask Kerry for details.

Investment Highlights

  • Potential development for a three story zero lot line residential apartment building
  • Possibility for assemblage of other parcels to form a much larger development
  • Zoned UB - 2 Urban Business
  • Grandfathered for continuous use as a vehicle related site
  • Strong trade area for office and industrial use
  • 450+ new residential apartments under construction in area

Exclusively Listed By

Financing By

Shopping Auto Center

Gortney's Auto Body

Listing Price: $600,000

Cap Rate
6.00%
Gross SF
1,440
Rentable SF
1,440
Price/Gross SF
$416.67
Lot Size
0.32 acres
Year Built
1940

Investment Highlights

  • Potential development for a three story zero lot line residential apartment building
  • Possibility for assemblage of other parcels to form a much larger development
  • Zoned UB - 2 Urban Business
  • Grandfathered for continuous use as a vehicle related site
  • Strong trade area for office and industrial use
  • 450+ new residential apartments under construction in area

Investment Overview

2500 N Lombardy ST is a street retail building currently being used as an auto body repair facility. The asset is situated on .32 acres of land UB-2 which allows for a residential mixed use development, zero lot line of up to three stories. The location is on a hard, signalized corner lot. The building is a mix of office space, one drive bay and a rear dive in bay set up as a paint shop.

The general area is a mix of vehicle related sites, apartments, single family homes and retail tenants. The recent change to UB-2 zoning will spur further apartment development by right. Currently there are approximately 450 new apartment under construction in the immediate area as well as new tenants such as the Salvation Army's new headquarters and Tabol Brewery.

There exist the possible of an assemblage of adjacent parcels to form a much larger residential development. Ask Kerry for details.

Exclusively Listed By

Financing By

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