The Victorian
Mixed-Use Income Property
Marketing description
Located in the heart of Palmer's downtown business district, this historic mixed-use property offers a rare opportunity to own a character-filled building with established income and future upside. The property currently generates over $5,000 per month from a combination of commercial and residential tenants, providing immediate cash flow from day one.
The first floor features retail and office space, while the upper level includes professional offices and a spacious two-bedroom apartment. Additional income is generated from a basement commercial tenant and leased parking spaces. The building's diverse tenant mix creates multiple revenue streams and investment stability.
Beyond its current use, the property offers tremendous flexibility. Continue operating as a mixed-use investment, occupy a portion while collecting rental income, expand commercial operations, explore multifamily possibilities, or restore the building to its original grandeur as a stunning residence.
Rich in architectural detail, the property showcases original woodwork, pocket doors, French doors, large windows, and the timeless charm that only a historic building can provide.
Positioned on a prominent street with excellent visibility and convenient access to area amenities, this is an opportunity to acquire an income-producing asset with both character and potential.
Investment highlights
- Established Mixed-Use Property with multiple income streams already in place.
- Current Gross Income of Approximately $5,000+/Month from a combination of commercial and residential tenants.
- Income-Producing From Day One with existing leases and occupancy.
- Diverse Tenant Mix reduces reliance on a single occupant and provides stability.
- Prime Main Street Location in the heart of downtown Palmer with excellent visibility and foot traffic.
- Ample Parking including spaces leased to a neighboring business.
- Value-Add Opportunity through rent adjustments on below-market office spaces and future repositioning.
- Flexible Use Potential as a mixed-use investment, owner-occupied business location, expanded commercial space, multifamily conversion (subject to approvals), or restoration to a grand single-family residence.
- Convenient Access to major routes, local amenities, and the planned Palmer passenger rail station.
- Historic Character featuring original woodwork, pocket doors, French doors, and architectural details that are difficult to replicate.
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