Multi-Use Building
Category : Commercial Property/Land
Price : $1,300,000
Property Highlights
- Multi-Use Building: One residential apartment on the second floor and one retail unit on the main floor, currently operating as a dry cleaning business.
- Established Location: Located in an established and trendy area with local attractions nearby.
- Flexible Zoning: Current C5a zoning allows for a wide variety of potential uses.
- Commercial Rental Potential: Building market rent is estimated to generate approximately $44,000 annually from the commercial space.
- Residential Rental Potential: Market rent for the 3-bedroom, 2-bathroom residential apartment on the second floor is approximately $2,600 per month, plus utilities.
- Total Area: Just over 3,500 sq. ft.
- Total Projected Annual Income: Approximately $73,000 annually.
