Former Charter School

PRICE REDUCED BELOW ASSESSED VALUE OF $1,267,000. This property had been home to a charter school who had paid rent of $12,500 per month. Four separate buildings consist of classrooms, cafeteria, and all purpose facilities. Permitted uses of this complex include restaurants, hotels, retail businesses, hardware stores, day care, church, etc. Open area in center of property can remain as a playground or be converted to additional parking. Utilizing current market cap rate of 8%, the value of this property is $1.875 million. Location is one-tenth mile from US1 & SR 100 intersection. This property encompasses an entire city block. Priced at $995,000, or under $30 per square foot1-an exceptional value for an end user or investor.