This unique 10,644 sq ft, 2-story, office building is on busy Slocum Road, close to the South Dartmouth line and Padanaram Village. The first floor, housing 4 tenants (3 professional business offices and 1 dental office) has 5272 sq ft. Each unit has 2 bathrooms as required by current building code. This floor is currently leased at $13 per square foot. Each tenant pays for utilities and has signed a multiple-year lease.

The second floor with 5372 sq ft of space is under total re-construction, building to suit new tenants. Envisioned are 2 separate, larger offices, one with 2,420 sq ft and the other with 2,450 sq ft. These will be leased at $14 per sq ft. This floor will be served by a new elevator and be handicapped accessible.

The front and rear halls and stairways are under renovation as well. There will be a new fire suppression system, a fire alarm system, and sprinklers installed.

The building sits on a 1.23 acre lot with front and back parking lots comprising over 20,000 sq ft of seal-coated parking area. Each business may have a building sign as well and signage on the street placard. Total signage is regulated by town building code.

The building has a partial basement of 480 sq ft where phone lines and cable are located. Each unit is served by gas FHA heat, central air, and a security system.

When fully leased, gross income should be $135,000/ year. Expenses are $17,741.86 annually (Taxes are $6,209; Insurance is $4,700.)

This office building shares a driveway with another office building currently housing a law firm and doctor's office. These two similar office buildings provide the appearance of an office park within an otherwise residential area. There is adequate, free parking suitable for most businesses. Plans are underway for additional landscaping and resurfacing of the parking lot. The building is also conveniently located within 1/16 mile from the Dartmouth Police Station.

The second floor is also available for lease at $14 per square foot and will be customized for each business.

This property is offered for sale for $1,400,000. Please call Olde Dartmouth Sotheby's International Realty for more information.