3998 S Danville Bypass

Office for Sale
Catylist Listing ID: 30557165
Property Subtypes: Medical, Office Building
Building Size (RSF): 14,500 SF
Gross Building Area: See Agent
Gross Land Area: 1 Acre
Sale Price: $900,000
Unit Price: $62.07 PSF
Property Use Type: Investment
Class of Space: Class C
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 6/6/2020

Overview / Comments

Estate Settlement and Liquidation
On approximately 1 acre with 2 buildings (approx 14,500 SF) zoned H-C (Highway Commercial).
Building 1: Approximately 9,000 SF, 2 Floors, built in 1971.
Building 2: Approximately 5,500 SF, 1 Floor, built in 2002.

About 60 surface parking.

Great investment opportunity in Danville.

A well-located parcel with two office buildings (14,500 SF) zoned HC (Highway Commercial) at 3998 South Danville Bypass.

Front Building:
The Front Building is a two-story multi-tenant office building of brick and block construction. The building is divided into four suites and has 32 parking spaces. One water meter paid by owner. Tenants pay electric.

Suite 101 on the first floor is approximately 2,420 SF with one HVAC unit. Current floor plan includes foyer, receptionist’s office, four private offices, conference room, large bullpen, breakroom, two ADA-compliant restrooms, and mechanical room. Previously rented for $1,600 per month and currently vacant.

Suite 102 on the first floor is approximately 2,420 SF with one HVAC unit. The suite is currently occupied by Health First Chiropractic and rents for $1,630 per month.

Second floor is approximately 4,840 and divided into two suites that are occupied by one tenant, Martial Arts
Academy.

Rear Building:
The Rear Building is an approximately 5,500 SF single-story brick building of which 1,134 is shell space. The building was constructed as an office for a state agency that has been the only tenant in 17 years since construction. The property is ADA compliant with handicapped parking spaces, entrance and two ADA restrooms.

The current fit-up includes foyer, two reception areas, thirteen offices, large conference room, breakroom, file rooms, janitorial closet and storage rooms.

The property also features thirty-five parking spaces, 10’ ceilings, 600 amp electrical service, and a sprinkler system.

The property is currently vacant.

Attachments & Media

Additional Details

Nearest MSA: Danville
County: Boyle
Tax ID/APN: 047-000-068
Zoning: HC - HIGHWAY COMMERCIAL

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,587 14,265 24,213
Median Age: 42.64 37.5 39.61
Households: 1,153 5,689 9,599
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