Current Use by Public Records
- Commercial real estate
Property Details for 2516 Neva Rd
- Year built
- 1977
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents a 6,000 square foot commercial building located at 2516 Neva Road in Antigo, Wisconsin. The property comprises two distinct units: a thriving auto parts retail store and a fully operational automotive service center. Each unit contributes to a substantial annual rental income, currently generating approximately $40,000 per year under triple net leases. The property features a convenient blacktopped parking area accommodating roughly twelve vehicles, ensuring ample space for customers and employees. This turnkey investment offers immediate passive income potential, with the rental income effectively covering the initial investment over time, leading to a strong monthly cash flow once the initial purchase price is recouped. The building's strategic location in Antigo, Wisconsin, provides excellent visibility and accessibility. This is a rare chance to acquire a well-established commercial property with a proven track record of generating consistent rental income. The seller also has a separate 8,500 square foot building in Rhinelander available for purchase, presenting a potential opportunity for acquiring a larger portfolio. This Antigo property is priced at $375,000 and represents a compelling investment for those seeking a stable and profitable commercial real estate asset.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Antigo
- County
- LANGLADE
- State
- Wisconsin
- Longitude
- -89.1485
- Latitude
- 45.1667
