Huge medical/office building opportunity along the Morse Rd. corridor. Currently owner/user property occupied with dental office and daycare center, along with over 4000 sq ft of rentable space (currently listed for lease @ $18/sqft, previously occupied by WIC center). 22k sq ft parking lot in rear, 159 ft road frontage on Cleveland Ave. Tenants currently pay all utilities.
Huge medical/office building opportunity along the Morse Rd. corridor. Currently owner/user property occupied with dental office and daycare center, along with over 4000 sq ft of rentable space (currently listed for lease @ $18/sqft, previously occupied by WIC center). 22k sq ft parking lot in rear, 159 ft road frontage on Cleveland Ave. Tenants currently pay all utilities.
Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."
Why are Real Estate Incentives Important and to Whom?
"Incentives" are vital today and in the future because:
U.S. Public: Many incentives focus on job creation and Affordable Housing
Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.