815 N 8th Street

Description

Turnkey Multi-Tenant Investment Opportunity | Value-Add Upside This fully leased B-5 Commercial Plaza presents an exceptional opportunity for investors seeking immediate cash flow with future rent growth potential. The property consists of 5,555 SF of retail/commercial space divided into five suites, currently 100% occupied by three established tenants, generating $4,300 per month ($51,600 annually) in current rental income. Built in 2004, the plaza sits on a highly visible corner lot encompassing approximately 0.43 acres and offers abundant on-site parking, excellent access, and strong exposure to surrounding commercial and residential traffic. The flexible multi-suite layout accommodates a variety of retail, office, service, and community-focused businesses, while five separate HVAC units provide efficient operation and tenant flexibility. This stabilized asset offers investors the advantage of day-one cash flow with a compelling value-add opportunity. Current rents provide solid income today, while the property's pro forma potential of approximately $6,000 per month ($72,000 annually) highlights a clear path to increased revenue through lease renewals, rent adjustments, and optimized tenant mix. The upside represents a potential increase of over 39% in gross monthly income, making this an attractive opportunity for investors seeking both stability and growth.