131 E Main Street
Retail | 5,394 SqFt
Marketing description
Two story brick storefront with a commercial kitchen and hood already in place, a flat second floor hall, and rear alley access in a revitalized, string lit downtown.
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Prime mixed-use retail opportunity in the heart of the town's historic Main Street.
5,394 SQFT leasable area.
This versatile property features two separate storefronts at the front, connected by a central alley leading to a restroom, a rear store entrance, and a staircase to the upper level (currently leased to a church).
The rear store, presently owner-occupied, will be delivered vacant at closing. It includes a commercial kitchen, currently used for storage, offering excellent potential for conversion into a restaurant.
The remaining three tenants are on month-to-month leases, giving a new owner the flexibility to raise rents, reposition the space, or reimagine the entire property as a bar, restaurant, or other creative concept permitted within the retail zoning.
The building is ADA compliant, featuring a wheelchair ramp at the rear of the store and a rail-mounted stair chair lift that provides accessible single-passenger access to the upper level.
Parking is plentiful, with ample street parking along Main Street and nearby, plus an adjacent rear lot owned by the neighboring grocery store and the city — presenting a potential opportunity for a shared parking arrangement.
Investment highlights
- The hard part is already done. The rear store, presently owner occupied, will be delivered vacant at close of escrow and holds an existing commercial kitchen with installed vent hood, the single most expensive piece of any restaurant build out. Two street front shops flank the historic '131 / WELCOME' entry hall, both on expired month to month leases, giving a new owner immediate flexibility to raise rents, reposition, or fold them into a bar and lounge concept. Upstairs, a flat former lodge hall leased to a church is a turn key events and overflow dining venue, reached by stair and ADA rail chair.
- All in place rents are far below market, with CoStar estimating retail at $20 to $25 per SF. That gap is the upside: huge tenant improvement potential in a federal Opportunity Zone.
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