Rare opportunity to acquire a unique multi-building residential/commercial property offering a combination of an existing residential unit and additional lease potential, commercial redevelopment possibilities with ample parking. Located in an economic revitalization zone.
1 unit is rented with a live in tenant. This listing is also listed as a residential sale, MLS #5107547. There are more photos of the residential and building in that listing. Owner has done MUCH work any investor would need to develop, All documents are available upon request.
Property consists of two commercial buildings plus a dedicated parking lot directly across the street, providing excellent setup for any investor/ developer looking for flexibility and options. Future Low Income housing or Assisted Living /Senior Housing or Storage units are the most popular options.
The primary building features 9 units, with 4 currently rented, providing an immediate opportunity to increase occupancy and income. The building is equipped with a sprinkler system throughout and zoned for multi-purpose use, offering flexibility for a variety of commercial, residential, professional, retail, service, and other permitted uses.
One of the existing units is for residential use and is currently occupied by a residential tenant, adding another layer of versatility and income potential to the property. The second building is currently vacant, offering a blank canvas for redevelopment.
Depending on applicable approvals and permitting. the building itself is sound and presents potential for new residential/commercial uses. With multiple buildings, existing tenants, additional vacant units ready for lease-up, sprinkler protection, flexible zoning, residential use already established within the property, and a vacant building offeri
ng significant redevelopment potential, this property presents a compelling opportunity for an investor looking to maximize current income while creating additional long-term value.
