FOR SALE: 3815 – 3825 North Academy Boulevard. This is a 28,637 SF, six-unit commercial property (plus an additional 7,840 SF fully functional basement), on 1.21 acres, zoned C5 and all located adjacent to Austin Bluffs & Academy Boulevard. The property has not previously been offered for sale, and is only now offered so the long-time seller, who lives out-of-state, can move the equity closer-to-home.
The building average rent is only $6.28 per SF ($230,530 per year). Tax costs have been around $18,987 and insurance costs around $8,330. Because the building rents are low, the operating costs low and because the building’s physical plant (the bones) are in good condition, this is an exceptional value-add opportunity.
The asking price is only $94.28 per SF – $2,700,000.
For a private showing and all the confidential financial details, call Tim Leigh: 719-337-9551 or Holly Trinidad: 719-337-0999.