Value-add investment opportunity: Freestanding building totaling ±21,450 SF office/retail investment on ±0.25 Acres (±11,250 SF) of General, Professional, and/or Retail space off N Douty Ave. Offers (7) economical separate spaces on the bottom floor 100% leased to long-term tenants on Gross lease forms with an average size of 983 SF per unit. Value-add opportunity with actual rents of $84,804/year collected plus upside potential. Unique investment offering easy-to-rent small office spaces all with existing water/drain lines in each room within an under-built market offering a strong need for these type of spaces. Upon a full remodel estimated to total $625K ($10/SF for the ground floor & $60/SF for the upstairs), and all spaces being leased out to achieve 100% occupancy at the rents of $2/SF Full Service upstairs and $1.15/SF downstairs, the proforma "all-in project cost" of $2,250,000 produces a 10.77% CAP rate and 10.77% Cash-on-cash return, based on $675K placed as a down payment. Fully vacant top floor consisting of (32) small easy-to-rent spaces. After leasing the vacancies, the realistic 6-12 month stabilized gross annual income is $290,041.32 (3.5x existing rent). The value-add opportunity consists of leasing (32) vacancies, and charging the customary "pass-through" expenses of Water, Sewer, Trash, and Gardening to eliminate these items from the Landlords ledger.