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SOLD! Investment Property- Major Price Reduction Means Exceptional Return on Retail Condo in Berkmar Crossing - 3417 SF
629 Berkmar Circle-Charlottesville

Price: $620,000
Year Built:
Square Footage: 3417
Municipality: Albemarle
Acreage: 0.00
MLS: 464675
  • $100,000 PRICE REDUCTION!
  • Retail condo investment property with an approximate 9.57% CAP RATE!
  • PROPERTY CASH FLOWS FROM DAY ONE!
  • Excellent exposure on Rio Road
  • Solid tenant; lease has annual 3% rent escalators; tenant pays almost all operating expenses for the property
  • Current tenant's lease runs thru 9/30/2011 and has one 3 year renewal
  • Property is in excellent condition
  • The BUSINESS IS NOT FOR SALE
Contact Bob Kahn, CCIM at 434 245-5050.
Email: bob@bobkahnrealty.com

Directions: From Barracks Road take 29 North to left on Rio Road. Property is on your left in the Berkmar Crossing development just after you pass the light at Berkmar and Rio.