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Three of four units are currently vacant and available for lease-up at market rates. The fourth unit is occupied by an established barbershop business whose operator (the seller) has indicated willingness to execute a market-rate lease-back at closing - delivering immediate in-place income to the new owner from day one. At achievable upside rents of $15.00/SF gross, full lease-up generates projected NOI of approximately $37,300 annually, supporting a stabilized cap rate above 10.5% even at the offering price. The property is offered at approximately $88 per square foot - still well below the cost to construct comparable retail space new (typically $140-180/SF). For an owner-user, the structure of SBA 504 financing means as little as $35,000 down secures ownership of an income-producing commercial property with three units of additional rental upside.

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Listed by Justus Hodges of Just Homes Realty (justushodges29@icloud.com)

 Based on information submitted to MIBOR as of May 20, 2026 6:07 PM EDT . All data is obtained from various sources and has not been, and will not be, verified by broker or MIBOR.  All information should be independently reviewed and verified for accuracy.  Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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