PRIME COMMERCIAL REAL ESTATE
This building is one of the staples of downtown Lewisburg. Occupying an entire corner of Washington Street and Route 60, this location has maximum exposure to Newly renovated, 3 retail stores, 9 apartments, approx. 9,000 sq.ft, fully rented!!!
Improvements Since 2007
1. Installed 2 new gas furnaces central heating for the second floor apartments
2. Installed gas furnace in the beauty shop 2013-2014 1. Major remodeling apartment 1,2,10 and
3 -Removed the drop ceilings -re-sectioned walls -new hardwood floors -new kitchen cabinets -new electrical and plumbing -new showers -new appliances -each apartment cost about $30,000 2. New floor in Merle Norman 2016-2020 1. Major Electricity Bringing to Code Upgrade -power disconnect -installed all new electrical panels for 9 apartments and 3 stores -re-wiring -cost about $100,000 2. Major remodeling apartment 5, 6,7, 8 -removed the drop ceilings -re-sectioned walls -new hardwood floors -new kitchen cabinets -new electrical and plumbing -new showers -new appliances -each apartment cost about $30,000 3. Minor remodeling apartment 9 3 -bedroom hardwood floor -kitchen vinyl floor -new kitchen cabinets -new appliances -cost about $5,000
4. Added the Laundry room -concrete along the building in the alley -added a door to the alley -two washers, two dryers -increased apartment rents
5. Painting the building outside -the old paint was cracking -Resolved: city wrote us to resolve the red curly peeling paint at the top outside corner of Aggie’s.
6. Added Two Central AC units to apartments
7. Replaced AC unit for Merle Norman
8. Apartment hallway and two stairways -new bamboo floor -some new drywalls -repaired walls -repaint -resolved: exposed romex wires
9. Remodeled Aggie’s store -new hardwood floor -new electrical wiring and lights -our cost at about $13,000 -store owner spent more than $40,000
10. Remodeled Beauty Shop/Office -new luxury vinyl floor -new electrical wiring 4 -re-sectioned walls -cost about $15,000 2020-2021
1. New Sprinkler System required by state fire marshal -sprinkler system $34,200 + water line $37,944 2. New Fire Alarm System required by state fire marshal -$11,343
