McCallum Building
Mixed-Use Office/Retail Building with Underground Parking Garage
Marketing description
Kidder Mathews is proud to present the McCallum Building, a versatile mixed-use property offering a range of unique opportunities. This approximately 17,000 SF building features underground parking, a ground-floor showroom with a speakeasy and mezzanine, and second floor office space available for lease or for an owner/user. With its flexible layout, the McCallum Building is an ideal opportunity for investors or businesses looking to own and occupy a one-of-a-kind space.
Investment highlights
LOCATION & ACCESS
This building is adjacent to the I-705 on/off ramp with immediate access to I-5 North & South. The McCallum Building fronts on A street with a beautiful view of Thea Foss Waterway. Join the neighborhood with plenty of retail within walking distance, including different restaurants, bars, and coffee shops.
PARKING OPPORTUNITY
The McCallum Building features an underground parking garage with 13 dedicated stalls, accessible from the rear of the property. In addition to hourly street parking available directly in front of the building and in the surrounding area, multiple surface lots offering monthly parking options are conveniently located within walking distance.
EXISTING INFRASTRUCTURE & INCOME
The street-level suite includes a liquor showroom occupying a portion of the first floor and mezzanine, with direct access to an adjacent speakeasy-style suite. The second floor comprises multiple executive office suites, which are currently tenant-occupied. The majority of these offices are leased on a short-term basis to individual users, offering a prospective buyer the advantage of existing rental income along with the flexibility for future repositioning or owner occupancy.
MANAGEABLE PRICE POINT & SCALE
This approximately 17,000 square foot building, which includes an underground parking garage, has undergone over $1 million in capital improvements, including a new roof and upgraded tenant improvements. The offering has been strategically priced to appeal to owner-users requiring between 3,000 and 17,000 square feet, as well as investors seeking a well-located, income generating asset with future potential.
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