About 1924 Addison
Calling all investors: recently updated commercial restaurant is up for sale with 100% occupied tenant in place. Tenant has a five year lease that expires 08/31/2027 with options to renew. Current rent is $3,000 monthly with annual rent increases of $200; current CAP is 8%. This establishment has been completely remodeled with all classy LED lights, new flooring and a newer metal roof. Check out the outdoor sitting area on the front and back of the building. Meets all the requirements for commercial/ restaurant purposes. Paved parking lot in the back of building, and parking agreement next door, make for ample on-site customer parking. FF&E included in purchase; contact Jesse Sutherland for full list. This is a great investment with high visibility on Addison Ave; 20 traffic count was at 16k vehicles a day.
Features of 1924 Addison
| MLS® # | 98885737 |
|---|---|
| Price | $475,000 |
| Bathrooms | 0.00 |
| Square Footage | 1,830 |
| Acres | 0.16 |
| Year Built | 1950 |
| Type | Commercial Sale |
| Status | Active |
Community Information
| Address | 1924 Addison |
|---|---|
| Area | Twin Falls - 2015 |
| City | Twin Falls |
| County | Twin Falls |
| State | ID |
| Zip Code | 83301 |
Amenities
| Utilities | Sewer Connected, Cable Connected, Propane |
|---|---|
| Parking Spaces | 14 |
| Parking | 11 - 20 Spaces |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Forced Air, Natural Gas |
|---|---|
| Cooling | Central Air |
| Fireplace | No |
Exterior
| Exterior Features | Paved Outside Area |
|---|---|
| Lot Description | Standard Lot 6000-9999 SF |
| Roof | Composition |
| Foundation | Basement |
Additional Information
| Date Listed | August 3rd, 2023 |
|---|---|
| Days on Market | 3 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | TOK Commercial |
|---|