1120 S State Street

Description

Prime commercial complex ideal for investor or owner-user. Current tenant is paying $12,000 per month NNN, which equates to an 8.2% cap rate. Tenant prefers to stay but may be given a 90-day notice to vacate according to the lease agreement. Owner prefers seller financing.Seize the spotlight with high visibility, dual access, 18,500 +/- sq ft of mixed-use building space on a sprawling 2-acre corner lot. Perfectly positioned directly on high-traffic State St. this property offers unparalleled brand exposure and effortless accessibility for your business. The former Ford Dealership it has an established automotive hub providing instant recognition and a proven track record as a high-traffic location. With pristine showroom and office suites, step into move-in-ready interior featuring a bright, expansive showroom and multiple private offices designed for high-level operations. The main facility boasts expansive work bays equipped with oversized roll-up doors, ideal for automotive, distribution, or heavy equipment needs. With the dual access and corner dominance, the site features two distinct entrance/exit points, ensuring seamless traffic flow for customers and large delivery vehicles alike. Maximize your operations with multiple outbuildings featuring additional work bays and a detached office. The expansive 2-Acre footprint offers ample paved parking and outdoor storage to accommodate a high-volume workforce and customer base. This is a rare opportunity to occupy a pristine condition flagship location in a high-demand corridor. The existing infrastructure is specifically tailored for high-volume sales and service, engineered for immediate success for a new dealership, regional distribution hub, or a service center. Don't miss this State Street landmark! 1120 S State St. is an amazing investment opportunity for developers, 1031 exchange, rental income or seasoned investors alike.