About 1186 Bay Street

Solid mixed-use building in Rosebank, full brick, 2 family and 1 store, and a full basement. 1st floor consists of commercial space in front and a spacious 1-bedroom apartment in the rear that connects to the backyard. 2nd floor is a renovated 3 bedroom 2 full baths apartment currently occupied by paying tenants at market rent. The building is 25x52, lot is 25x100, annual property tax is $5,517 only. Separate utilities, heavy foot traffic, a projected $90,000 annual rent roll, or an 8% cap rate. Excellent for both end users or increment.

Facts & Features

Type Commercial
Area Rosebank
County Richmond
Condition Excellent
Lot Size Sqft 2,499
Lot Dim 25x100
Taxes 5579
Tax Abated No
Year Built 1945
Building Sqft 2,600
List Price per Sqft $385
Zoning R3-A
Siding Block
Sewer City
Electric 110
Heating Source Steam, Oil
Heating System Steam, Oil
# of A/C Units 3

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Listing Office: Re/Max Edge