This property presents an incredible redevelopment opportunity for a savvy investor looking to maximize value. The building holds a unique charm and character of a historic landmark that can be preserved while transforming it into a highly desirable asset.
The current owner was unable to complete renovations, leaving the next owner with a prime chance to bring their vision to life. The two upper floors offer an excellent layout for a multifamily conversion, creating much-needed housing while taking advantage of the property’s existing framework.
The main floor provides a spacious area well-suited for a food court or restaurant retail/traditional retail to add various tenant and leasing opportunities.
The basement level is ideal for a storage unit development, offering practical and in-demand utility space.
Sale includes a .04 AC parcel next door. City has extra land available for off-street parking. See offering memorandum for more details.