Description
3,156 Retail and Apartment/Short Term Rental Great Owner/User Opportunity or an Investor with a Pro Forma Cap Rate of 9%++. Property Overview: Formerly operated as a Coffee Shop & Bakery, meticulously renovated 3,156 SF building offers a turnkey combination of Retail Space on the first floor, with a cash flowing Apartment, AirBnB and/or living quarters on the second floor. Property Highlights: *Retail Space: 1,656 SF with a separate front entrance, ideal for customer-facing operations for restaurant, retail, or office. *Current Equipment/Furnishing Included for both Retail Space & Residential - TURNKEY *Apartment Space: 1,500 SF with a separate entry *Historic Charm & Character will full renovations throughout the building *New Public Space next to building which hosts summer weekend concerts *Having both retail space (first floor) and residential (upstairs) means diversified income *Being on Main St. gives great visibility for retail tenants, foot traffic, ease of access. *Great Owner/User Opportunity or an Investor with a Pro Forma Cap Rate of 9%++.
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School Ratings & Info
Description
3,156 Retail and Apartment/Short Term Rental Great Owner/User Opportunity or an Investor with a Pro Forma Cap Rate of 9%++. Property Overview: Formerly operated as a Coffee Shop & Bakery, meticulously renovated 3,156 SF building offers a turnkey combination of Retail Space on the first floor, with a cash flowing Apartment, AirBnB and/or living quarters on the second floor. Property Highlights: *Retail Space: 1,656 SF with a separate front entrance, ideal for customer-facing operations for restaurant, retail, or office. *Current Equipment/Furnishing Included for both Retail Space & Residential - TURNKEY *Apartment Space: 1,500 SF with a separate entry *Historic Charm & Character will full renovations throughout the building *New Public Space next to building which hosts summer weekend concerts *Having both retail space (first floor) and residential (upstairs) means diversified income *Being on Main St. gives great visibility for retail tenants, foot traffic, ease of access. *Great Owner/User Opportunity or an Investor with a Pro Forma Cap Rate of 9%++.
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