Adaptive Reuse/Value Add Redevelopment building in booming Downtown East. Residential redevelopment occurring all around this location with home prices as high as $1,500,000. Currently rented on annual lease with virtually zero annual expenses. Upside rental with unleased upstairs space. Significant upside rental potential with nominal investment into property. Site could be upgraded and continued for garage/auto repair site or redeveloped into a brewery, restaurant, or other retail concepts with much higher rental income potential. Walkable to the new Bus Rapid Transit Project on New Bern Avenue. Walkable/Bikeable to City Center.