Description:
Well maintained and updated office building remodeled from the Old Fire Station! This unique office building has excellent space available and offers large rentable office areas with one tenant space currently being leased by Pinnacle Consulting. Currently approx 2300 to 2400 sf of the building is leased to Pinnacle Group. Pinnacle has been leasing for approx 15 to 17 yrs. The remaining space is available and vacant. The CAP rate is based on leased space only!! Not additional vacant lease-able space. In addition to a great building updated and well maintained, the parcel includes a corner lot that can certainly be further developed with additional income generating space!! A great old building with excellent long term and short term income potential!! Cash flow now and increase your long term investment ROI with added tenants and additional build-able space on the corner lot…GREAT INVESTMENT TO ADD TO YOUR PORTFOLIO!

Highlights:

  • Solid well constructed building with great history
  • Excellent ROI and CAP potential with a fully leased building
  • IMMEDIATE cash flow with current tenant
Property Name: Deckner Office Building
Property Type: Multi-Tenant Office Building
Price: $749,900
Address: 1809-1817 Deckner Ave.
City: Green Bay
County: Brown County
ZIP: 54302
Property Sub Type: Office/Residential
MLS #: 50246283
Class: Commercial Office
Square Feet: 5927
Rentable SF: 5927
Year Built: 1920
Total Bedrooms: N/A
Total Bathrooms: Multiple
Basement: Poured and Full
# Buildings: 1
# Stories: 2
Zoning: Commercial/Residential
Lot Size: 1.12 Acres
APN: 21-1224
Cap Rate: 4.93% (Based on current leased space only)
Net Operating Income: $37,000
Parking Type: Exterior Parking Lot approximately 60 spaces
Drive Ins: 1 overhead
Utilities: Municipal Water, Municipal Sewer, Gas, Electric

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