Great Opportunity for an investor .. Corner property in a hight desirable Opportunity Zone in the heart of a major redevelopment area.
2 Large, Whole -floor residential units are without a lease and have potential for 100%+ rent increase. Building is violation-free and all up to code.
Roof and skylight/hutch/coping all done in 2023. All utilities (gas heat) less than 8 years old. 2 market-rate residential units have no lease/can be delivered vacant (currently paying 50% below market). As-is can rent for $3,000, fully renovated can rent for $3,500 each.
Store has lease in place until 2033 with rent at $3300 in 2025 and incremental increases until 2033.