57 Martin Luther King Drive

Property Description

PRICE FURTHER REDUCED TO $677,112 ($89.00/PSF)

INVESTMENT OPPORTUNITY (1/2 Building Leased to Mercer Medicine)

7,608± SF Multi-Tenant Medical Office Building
Building Overview
– Total Size: 7,608± SF
– Site Size: 0.90 Acres
– Configuration: Divided into two units
– Year Built: 2000
– Construction: Brick veneer
– Roof: Asphalt Shingles (replaced 2021)
– Floors: Carpet and tile
– Lighting: Fluorescent
– HVAC: Four units
– Fire and Alarm System: Installed
– Fenced rear courtyard
– Shared parking: Front and side of building
– 2024 Property Tax Bill: $4,550

Unit 1: 3,750± SF (Leased)
– Tenant: Mercer Medicine
– Base Lease Rate: $3,200 per month

Unit 2: 3,858± SF (Available)
– Reduced Lease Rate:   From: $11.00/PSF   To: $9.00/PSF  (Monthly: $2,893.50)
Features:
– Foyer
– Three private offices
– Three large open rooms
– Kitchen
– Storage room
– Four restrooms (one with shower)

Lease Terms
– Landlord pays: Ad valorem taxes and CAM
– Tenant pays: All utilities

Ideal Uses
– Daycare
– Dance Studio
– Physical Rehabilitation Facility
– Medical Supply Sales