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Storefront Condo For Sale • 6,390 SF
| Name | Condo Use | Size | Price | Details |
|---|---|---|---|---|
| 1st Floor - Unit 1 | Retail | 6,390 SF | $1,600,000 USD | |
DescriptionPrime investment opportunity! This business condominium was purpose-built for an Anytime Fitness franchise by its original owner, who is the owner of the unit now for sale. The current franchisee holds a lease through 2029 with two additional five-year extension options, ensuring long term stability and positive cash flow. Key features: Four bathrooms; two with showers Built to Anytime Fitness franchise specifications Listed at $1.9 million - below appraised value This is a strong investment in a growing market area. Sale NotesPrime investment opportunity! This business condominium was purpose-built for an Anytime Fitness franchise by its original owner, who is the owner of the unit now for sale. The current franchisee holds a lease through 2029 with two additional five-year extension options, ensuring long term stability and positive cash flow. Key features: Four bathrooms; two with showers Built to Anytime Fitness franchise specifications Listed at $1.9 million - below appraised value This is a strong investment in a growing market area. |
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Sandbridge Place is a single-story retail center totaling approximately 15,325 sf constructed in 2016. Of that, 6390 sf was specifically built for Anytime Fitness franchise. The property is strategically located between a Food Lion anchored shopping center at the corner of Princess Anne and Sandbridge Road, and a CHKD pediatric office. It is also situated across from Sandbridge Commons, a Harris Teeter-anchored center, benefiting from strong household incomes in the surrounding area. Currently, Suite 100 is occupied by an Anytime Fitness franchise, which is the anchor of this retail center.
| Prime location situated in a high-traffic area near major retailers like Harris Teeter and FOod Lion ensuring strong visibility and foot traffic. |
| Established tenant, Anytime Fitness franchise with a long-term lease, including two five-year extensions option providing stable income for investors. |
| Purpose-built facility designed specifically for Anytime Fitness aligning with franchise standards. |
| Newer construction built in 2016, offering modern infrastructure and minimal maintenance concerns. |
| Strong surrounding demographics located in an area with high household incomes, supporting long-term business viability. |
| Listed below appraised value presenting a potential value opportunity for buyers. |
| Airport | Drive | Walk | Distance |
|---|---|---|---|
| Norfolk International | 34 min | - | 20.6 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Type: | Surface |
| Included in Rent: | Yes |
Phyllis Mihalas
Swell Realty Co.
Phyllis Mihalas
Swell Realty Co.
