Prime Downtown St. Thomas Medical Office Long-Term Tenant & Strong Investment Opportunity. This exceptional investment property is a fully leased medical office in downtown St. Thomas, occupied by the same tenant for over 10 years. A new 2-year lease extension began December 1, 2024, ensuring continued stability. The building has been completely renovated into modern office spaces on both levels to accommodate the current tenants needs. Additional updates include a newer roof. The tenant is responsible for all expenses, inclusive of realty taxes and insurance. Net income to the landlord of $49,800 per year. Landlord is responsible for the roof, replacement of HVAC (if required), and structure. A rare opportunity to own a turnkey income-generating property with a long-term, reliable tenant in a prime location! (id:47421)
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Detailed Information
Lot
20.75 x 126.08 ft
Listing Contract Date
2025-01-04
Location Description
TALBOT EAST
Property Type
Office
Transaction Type
For sale
Zoning Description
C-1 DOWNTOWN COMMERCIAL
Business
Business Type
Other
Business Subtype
Professional office(s)
Building
Cooling Type
Fully air conditioned
Heating Fuel
Natural gas
Heating Type
Forced air
Type
Offices
Utility Water
Municipal water
Land
Total Size
20.83 x 126.13 FT ; 20.83 X 34.60 X0.41 X94.73 X20.83 X126.1
Size of Irregular Land
20.83 x 126.13 FT ; 20.83 X 34.60 X0.41 X94.73 X20.83 X126.1
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