Description
Nestled on a 1.64 acre lot in Mt Pleasant adjacent to the Park West Recreation Fields, 3400 Turgot Lane presents a rare opportunity to purchase a fully leased gym occupied by two Tenants. The primary Tenant, Bioallow, LLC (dba as Redline), has a lease thru 10/31/32, and provides over 77% of revenue to the property. MOVMNT is the secondary tenant that has a lease through 10/31/29 and operates a boutique Crossfit style gym, but has a lease cancellable by either party. This flexibility alloys a new owner to operate this as either a passive or active investment, depending on their goals and objectives. The interior includes an adoptable multi-sport interior-half of which is currently outfitted with artificial turf and the other half optimized for basketball, volleyball or pickleball. With minimal effort the entire space can be converted into a single full-sized court. There is also a dedicated 2,000 SF strength-training area, full reception, two locker rooms with showers, storage and office areas, plus an upstairs parent's lounge and dual office suites. Outside, an artificial turf field and half basketball court cater to youth soccer, lacrosse, baseball and 3-on-3 basketball programs. Net net, this operating gym offers tremendous opportunity, flexibility and upside with a great layout and location.
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0BEDS
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1.64ACRES
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0BATHS
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01/2 BATHS
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10,400SQFT
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$337$/SQFT
School Ratings & Info
Description
Nestled on a 1.64 acre lot in Mt Pleasant adjacent to the Park West Recreation Fields, 3400 Turgot Lane presents a rare opportunity to purchase a fully leased gym occupied by two Tenants. The primary Tenant, Bioallow, LLC (dba as Redline), has a lease thru 10/31/32, and provides over 77% of revenue to the property. MOVMNT is the secondary tenant that has a lease through 10/31/29 and operates a boutique Crossfit style gym, but has a lease cancellable by either party. This flexibility alloys a new owner to operate this as either a passive or active investment, depending on their goals and objectives. The interior includes an adoptable multi-sport interior-half of which is currently outfitted with artificial turf and the other half optimized for basketball, volleyball or pickleball. With minimal effort the entire space can be converted into a single full-sized court. There is also a dedicated 2,000 SF strength-training area, full reception, two locker rooms with showers, storage and office areas, plus an upstairs parent's lounge and dual office suites. Outside, an artificial turf field and half basketball court cater to youth soccer, lacrosse, baseball and 3-on-3 basketball programs. Net net, this operating gym offers tremendous opportunity, flexibility and upside with a great layout and location.