4-Unit Flex Building w/ Value-Add – Springfield Township

Description:

This fully leased, multi-tenant flex building offers stable in-place income and long-term upside for investors seeking small-bay commercial exposure in a high-demand corridor of Springfield Township.

The 3,794 SF building is configured into four suites of approximately 950–990 SF each, occupied by a diverse mix of service-oriented and specialty users. Each unit includes a private restroom and is separately metered for electric and water, supporting efficient operations and simplified expense allocation.

Recent capital improvements include a brand-new roof installed in 2024 ($25,000) and updated electrical systems. The property is positioned for continued cash flow with minimal near-term capital requirements.

Due to site configuration and adjacent property improvements, the suites function as flex studio / service-commercial spaces rather than traditional drive-in garage bays, making the asset best suited for investors comfortable with non-traditional tenant profiles.

With an in-place NOI of $29,800, B-2 zoning allowing a wide range of commercial uses, and strong demand for small-format commercial space in the submarket, this property presents an opportunity for buyers seeking yield, stability, and future repositioning potential.




Stabilized In-Place Income



Fully leased 4-unit commercial building with 100% occupancy


In-place NOI of $29,800, providing immediate cash flow from day one



Small-Bay Multi-Tenant Format



Approx. 3,794 SF total, divided into ~950–990 SF suites


Strong demand for small-format commercial space in the submarket



Efficient Expense Structure



Individually metered electric and water for each suite


Limited landlord responsibility relative to gross rent collected



Recent Capital Improvements



New roof installed in 2024 ($25,000)


Updated electrical systems reduce near-term capital exposure



Flexible Zoning + Tenant Use



B-2 zoning allows a wide range of service-commercial, specialty, and flex uses


Diverse tenant mix reduces reliance on a single income source



Functional Flex / Studio Configuration



Suites operate as flex studio / service-commercial spaces


Best suited for specialty, club-style, creative, or service-oriented users



Attractive Basis for Private Investors



Pricing and structure appeal to cash and local investors


Opportunity to improve financing profile over time through tenant repositioning or lease restructuring



Long-Term Optionality



Potential to reconfigure access, improve site functionality, or reposition tenant mix


Upside exists through operational clarity rather than immediate redevelopment



Infill Location with Durable Demand



Located along Vine Street near Springfield Pike


Consistent demand for affordable commercial space in an established corridor