The core asset at 81-85 Water Street features durable masonry construction and is configured for multi-tenant occupancy on multiple stories. The properties benefit from a layered zoning position — situated within the industrial zone and subject to a downtown overlay — offering a range of potential uses and repositioning options. Both parcels fall within a federally designated Opportunity Zone. Notably self storage is permitted by right. In-place tenants are all operating on a tenancy-at-will basis, providing immediate cash flow while preserving maximum flexibility to execute a lease-up, repositioning, or redevelopment strategy on an accelerated timeline.