The property’s ground-floor retail is fully occupied, providing a reliable foundation of $176,818 in gross annual income. After accounting for $53,789 in operating expenses, the asset generates a current Net Operating Income (NOI) of $123,029. At the competitive asking price of $2,050,000, the building currently delivers a robust 6% capitalization rate on existing performance alone. The primary value-add component lies in the current vacancy of the second and third floors. These levels offer an incoming owner the flexibility to capitalize on the area's increasing demand for professional office space. By activating these vacant floors, the next owner can significantly increase the gross rent roll.