Listed by The Westwood Real Estate
$289,000
111 W Main Street
Details
APN 03-50139-200
Property Type Mixed Use
Sub Type Mixed Use
Square Footage 3,156
Net Rentable (SqFt) 3,156
Units 1
Pro-Forma Cap Rate 9.33%
Pro-Forma NOI $26,964
Price per SqFt $92
Broker Co-Op Yes
Year Built 1910
Year Renovated 2018
Stories 2
Acreage 0.040
Investment Type Owner/User
Retail and Apartment/Short Term Rental | 9.00% CAP | 1 Unit
Marketing description
3,156 Retail and Apartment/Short Term Rental
Great Owner/User Opportunity or an Investor with a Pro Forma Cap Rate of 9%++.
Property Overview:
Formerly operated as a Coffee Shop & Bakery, meticulously renovated 3,156 SF building
offers a turnkey combination of Retail Space on the first floor, with a cash flowing Apartment,
AirBnB and/or living quarters on the second floor.
Property Highlights:
*Retail Space: 1,656 SF with a separate front entrance, ideal for customer-facing operations for
restaurant, retail, or office.
*Current Equipment/Furnishing Included for both Retail Space & Residential - TURNKEY
*Apartment Space: 1,500 SF with a separate entry
*Historic Charm & Character will full renovations throughout the building
*New Public Space next to building which hosts summer weekend concerts
*Having both retail space (first floor) and residential (upstairs) means diversified income
*Being on Main St. gives great visibility for retail tenants, foot traffic, ease of access.
*Great Owner/User Opportunity or an Investor with a Pro Forma Cap Rate of 9%++.
Investment highlights
Property Highlights:
Great Owner/User Opportunity or an Investor with a Pro Forma Cap Rate of 9%++.
Listing Contacts
Listed by The Westwood Real Estate
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