840 E McKellips Rd, Building 2 presents an attractive opportunity for an owner-user seeking immediate occupancy with supplemental income to offset ownership costs. An owner can occupy 3,296 SF for their business while generating income from an existing 2,300 SF lease, providing stable cash flow that can be applied toward mortgage payments and meaningfully reducing effective occupancy costs compared
to leasing.
The 2,300 SF leased suite expires in 2027, offering near-term income with future flexibility to either expand into the space or retenant at market rates. The property also features approximately $300,000 in medical-specific tenant improvements completed in 2021, delivering a move-in-ready environment for medical or professional users and minimizing upfront capital requirements. This combination enables an owner-user to control their space, build equity, and benefit from long-term appreciation while rental income supports debt service and enhances overall financial performance.