Versatile Mixed-Use Commercial Property with Income and Expansion Potential! This unique building features a total of 5 storefronts, including two combined units previously used as a bar, offering a prime opportunity for a new hospitality or retail venture. Three additional storefronts include two vacant spaces ready for occupancy and a fully leased barber shop generating $1,400/month. Bonus attached rear warehouse offers ideal space for storage, workshop, or automotive use. The second floor boasts three fully renovated apartments, featuring all-new kitchens, flooring, bathrooms, and windows. Two 2-bedroom units are leased at $1,550 and $1,400 yearly, while a 3-bedroom unit is currently being completed. This property offers strong income with room to grow, ideal for investors or owner-operators looking to capitalize on a multi-use space with high upside. Endless potential in a strategic location!
Date | Event | Price | $/Sqft | Source |
---|---|---|---|---|
Listed For Sale | $1,400,000 | $∞ | BHHS Fox & Roach Margate |
Year | Annual Amount | Description |
---|---|---|
$15,462 |
Elementary School Richmond Ave | 0.2 miles away | KG - 06 | |
Elementary & Middle School Chelsea Heights | 0.5 miles away | KG - 08 | |
Elementary & Middle School Sovereign Ave School | 0.4 miles away | KG - 08 |