707 Commerce Townhomes offers a rare adaptive-use and redevelopment opportunity in a rapidly evolving urban corridor. The property consists of a fully vacant townhome community that can be strategically repositioned as a rental asset or sold as individual fee-simple townhome units. With complete vacancy, investors benefit from immediate operational control and the ability to execute renovations without tenant disruption or phased turnover constraints. The asset currently requires both mechanical and cosmetic improvements, presenting a clear value-add investment profile with substantial upside through renovation and repositioning. Deferred maintenance includes a range of interior and exterior repairs, system upgrades, and aesthetic enhancements, allowing a new owner to tailor improvements toward either premium rental positioning or for-sale residential product.