This rare commercial property presents a high-upside, value-add opportunity for investors. Offered completely vacant, the new owner can immediately begin renovations and lease-up with no delays or tenant disruptions. The building includes six commercial units with versatile layouts and existing infrastructure, making it ideal for repositioning and long-term cash flow.
The property features a ready-to-go restaurant space with all major utilities in place—requiring only cosmetic updates to be operational. A former laundromat also has full plumbing and electrical infrastructure installed, needing only interior finishing. Two additional units were previously used as hair salons and come pre-plumbed for multiple stations. The final two units are open, adaptable spaces suited for retail, office, or boutique service businesses. With solid brick construction, slab foundation, and separate utility setups for each unit, the building is low maintenance and tenant friendly. Projected rental income ranges from $7,600 to $8,400 per month, with an after-repair value estimated between $700,000 and $750,000. Rehab costs are projected at $80,000–$110,000 depending on design and leasing plans. This is a prime opportunity to add substantial equity and long-term income in a growing market.