7450 S State St
Industrial
Marketing description
PRIME DEVELOPMENT OPPORTUNITY - 0.40 Acre on State Street. Rare opportunity to acquire a 0.40 acre parcel with significant redevelopment potential in a high-visibility location on State Street. Located adjacent to an active townhome development, this property offers strong potential for multi-unit residential construction (estimated 10-12 units, buyer to verify). The site includes an existing retail building with excellent frontage, signage, and access, providing immediate income or owner-user flexibility. This is an ideal opportunity for: - Developers seeking expansion in a growing corridor - Investors looking for covered land plays with upside - Owner-users wanting a high-visibility location with future development potential. Seller is open to reviewing all serious offers. Additionally, seller is open to a long-term leaseback (10 + years), offering immediate occupancy income for investors. Buyer to verify all information.
Investment highlights
Current owner would be interested in leasing back property for 10 years or longer, if buyer would like tenant. Current tenant has been in property for over 20 years. Owner can move immediately if new owner wants to occupy the location.
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