CO0221 - FIRE DESTROYED
Historical "Hubbard Hall" - Historically Registered
10% Cap Rate Investment
This historical registered Victorian building was completely renovated in 1997 by a developer who converted the building into office/retail space. It is probably the most well-know building in the town and has been a catalyst for business growth. Tenants are on a year lease, with one having a five-year lease.
The building has consistently been fully occupied with long-term tenants such as (eye doctor, rehab center, deli/gift shop, abstract company, etc.). Much pride has been taken by the owner and tenants alike. Low maintenance, and increased rent if you wish, is available. However the cash flow is so good, the current owner did not explore this option (APOD available). Plenty of parking for tenants. This historical beauty is offered at $329,000 - Owner motivated