FOR SALE | Mixed-Use Investment / Future Development
Opportunity to acquire this 12,464 SF freestanding, commercial / residential mixed-use building on a 60’ x 122’ lot. The commercial section is fully leased to a diverse mix of 6 tenants and 2 of the 4 residential units are newly renovated one of which is currently vacant. This property has immense future development upside in accordance with the Broadway Plan which provides the potential to build up to 25 storeys and an 8 FSR on this block.
Building - This building was constructed in 1980 and the developer has retained ownership since its construction. It is a unique development with a split-level retail component which is leased to 6 long-term tenants totaling 6,441 SF, and on the top level are 4 spacious, one bedroom residential units with sizes ranging between 817 and 904 SF, each with a private balcony and solarium.