This meticulously developed parking lot is a turnkey investment opportunity, featuring over $600,000 in high-end improvements designed for security, functionality, and long-term durability. The property includes 73 parking stalls, with designated spaces for handicap, compact, and motorcycle parking to maximize usability. A $476,800 investment in concrete work, including parking surfaces, curbs, sidewalks, and perimeter barriers, ensures long-lasting durability and low maintenance.
The lot is equipped with an advanced revenue system, featuring two T2 Luke II Pay Stations valued at $16,000, providing seamless and automated payment processing. Security is a top priority, with five strategically placed surveillance cameras, including one with license plate recognition, connected to a dedicated hard drive. This $9,000 security investment ensures 24/7 monitoring and peace of mind.
Superior lighting and electrical infrastructure further enhance the property. Five LED light poles, installed with a 200AMP electrical system, provide high visibility and safety, with a total investment of $28,000. In today’s market, replicating this installation would cost significantly more. The property also features six landscaped beds with a drip irrigation system, a concealed water spigot, and a custom drainage system designed to manage runoff, totaling $16,400 in improvements.
Additional infrastructure enhancements include a fully restored water connection valued at $14,000, along with high-quality striping, signage, and sealing work totaling $21,150, ensuring optimal functionality and curb appeal.
This investment offers high-quality, modern infrastructure with no major capital expenses required. Built for revenue generation, the property includes a premium parking payment system and a strategic, security-focused design with professional lighting and surveillance. Given current market conditions, replacement costs would be significantly higher, making this a cost-effective, ready-to-go asset.
This is a rare opportunity to acquire a fully improved, high-performance parking facility, meticulously designed for maximum efficiency and profitability. Contact us today to learn more.
Richard Lanning
Midwest Capital Realty Advisors, LLC
