Listed by Kramer Commercial Realty
$335,000
3147 Cherokee
Details
Property Type Retail, Mixed Use
Sub Type Restaurant, Commercial
Square Footage 2,752
Year Built 1909
Stories 2
Investment Type Sale/Leaseback
Retail | 2,752 SqFt
Marketing description
Outstanding income-producing investment opportunity!
This well-maintained, mixed-use building offers potential for strong cash-flow. Seller will execute a new 5-year Lease at closing (terms to be mutually agreed upon), providing immediate income. The spacious second floor, Currently configured as restaurant space, offers excellent flexibility and can be converted back to a 2-bedroom Apartment, creating additional rental income. This is a solid building with an opportunity for multiple revenue Streams and value-add potential.
Investment highlights
- Restaurant tenant will sign new lease at closing. (mutually agreed upon terms)
- Potential apartment income on second floor.
- Great investment opportunity
- Mixed use building (2,752 sf building)
- Many building upgrades
- Year built 1909
- Parking in rear and street
- 2024 real estate tax $6,617.80
- Fantastic investment property for sale!
- Seller will sign a new 5 year lease at closing, (lease to be Mutually agreed upon)
- Call for showings.
Listing Contacts
Listed by Kramer Commercial Realty
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