Description
Excellent opportunity to acquire this all brick, single detached building in New Castle proper. Located on heavily traveled artery into and out of the City of Wilmington, Olde New Castle/New Caslte areas and between major highways 113 and 295. Improvements are sited high up on a corner lot with plenty of presence and visibility. Shared driveway out back for off street as well as side and front on street parking for patrons. Building is in solid mechanical condition and features cosmetic modernization. Currently utilized as a salon with main floor waiting area, multiple private chair rooms with hair drying and washing stations. Main level is serviced with half bathroom. Lower level is finished and can be accessed both inside via a spiral stair case and outside private entrance as well. Lower level features three rooms with chairs and two half bathrooms. Current tenant is interested in staying on for new owner making this essentially a turn-key investment. Excellent candidate for a 1031 Exchange to start fresh with depreciation coupled with a healthy positive cash flow. Perfect to add to an existing portfolio or to anchor the beginning of one!
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Description
Excellent opportunity to acquire this all brick, single detached building in New Castle proper. Located on heavily traveled artery into and out of the City of Wilmington, Olde New Castle/New Caslte areas and between major highways 113 and 295. Improvements are sited high up on a corner lot with plenty of presence and visibility. Shared driveway out back for off street as well as side and front on street parking for patrons. Building is in solid mechanical condition and features cosmetic modernization. Currently utilized as a salon with main floor waiting area, multiple private chair rooms with hair drying and washing stations. Main level is serviced with half bathroom. Lower level is finished and can be accessed both inside via a spiral stair case and outside private entrance as well. Lower level features three rooms with chairs and two half bathrooms. Current tenant is interested in staying on for new owner making this essentially a turn-key investment. Excellent candidate for a 1031 Exchange to start fresh with depreciation coupled with a healthy positive cash flow. Perfect to add to an existing portfolio or to anchor the beginning of one!
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