421 and 419 Chicago Drive

Description

6000 SF building currently leased by Gaston Brewing Company until March 31, 2026. Tenant may renew with acceptable lease terms. They have invested hundreds of thousands of dollars into this building and business. Currently a MG lease (landlord pays taxes and insurance). The current rent is below market rate due to a friends and family discount, providing an opportunity to easily adjust the lease rate to reflect true market value. This building can revert to 4 or 5 individual condos of 1200 SF each for warehouse/office space. Roll up doors in the rear. New phase 3 electric, new plumbing, slot and trench drainage system, gazebo with lights (electricity) in the rear grassy area, 5 HVACs, and approximately 40 parking spaces. This building has been well maintained and had numerous upgrades. Conveniently located near downtown, Interstate 95, and Hwy 87. Rent is currently $5308.47 per month which has been a "friends and family" rate giving the opportunity to raise the rent. Landlord is paying taxes and insurance totaling $11,002.34 annually. The .23-acre lot behind the building can be built on...up to 3 townhouse office type buildings.