Description
Professional Office Building-Prime Location Near Madison Memorial Hospital! This 7036 sq ft multi-use office building is situated just one block from Madison Hospital, making it a convenient choice for medical professionals or other office-based businesses. The property is well maintained and is move-in ready for a new owner. Its excellent condition allows for immediate occupancy. Many amenities throughout: Professional reception areas, Multi-use offices, administrative rooms and storage spaces. The main floor is 3518 sq. ft. featuring 10 offices with 3 ADA restrooms. Income Opportunity: A notable advantage is the presence of an existing tenant on the lower level. ADA Accessible entrances with 4 offices, 2 ADA restrooms. This tenant currently leases approx. 1,800 square feet; and pays about market rate, per month, in addition to covering 40% of the Common Area Maintenance (CAM) costs. This provides a reliable source of cash flow to offset ownership expenses. Additional 900 sq. ft. is available downstairs. These spaces present flexible options for the new owner to either occupy or lease to other tenants. The building features ample parking and signage opportunities, enhancing accessibility for clients and visibility for businesses operating from the location. COME TAKE A LOOK!!
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0BEDS
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0.53ACRES
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0BATHS
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01/2 BATHS
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7,036SQFT
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$156$/SQFT
School Ratings & Info
Description
Professional Office Building-Prime Location Near Madison Memorial Hospital! This 7036 sq ft multi-use office building is situated just one block from Madison Hospital, making it a convenient choice for medical professionals or other office-based businesses. The property is well maintained and is move-in ready for a new owner. Its excellent condition allows for immediate occupancy. Many amenities throughout: Professional reception areas, Multi-use offices, administrative rooms and storage spaces. The main floor is 3518 sq. ft. featuring 10 offices with 3 ADA restrooms. Income Opportunity: A notable advantage is the presence of an existing tenant on the lower level. ADA Accessible entrances with 4 offices, 2 ADA restrooms. This tenant currently leases approx. 1,800 square feet; and pays about market rate, per month, in addition to covering 40% of the Common Area Maintenance (CAM) costs. This provides a reliable source of cash flow to offset ownership expenses. Additional 900 sq. ft. is available downstairs. These spaces present flexible options for the new owner to either occupy or lease to other tenants. The building features ample parking and signage opportunities, enhancing accessibility for clients and visibility for businesses operating from the location. COME TAKE A LOOK!!
Listing provided courtesy of Century 21 High Desert- Rexburg: 2083560588.