Active

$1,000,000

Features:
  • Bedrooms
  • 0 Bathrooms
  • 3066 sq ft
Overview
  • ID: MFRO6407889
  • Bedrooms:
  • Bathrooms: 0
  • Size: 3066 sq ft
Property Details
Remarks
One or more photo(s) has been virtually staged. Prime mixed-use opportunity offering immediate income and long-term upside. The ground floor features a 1,866 SF retail space currently leased at $2,500/month, providing stable cash flow. Upstairs, a 1,200 SF residential unit is operating as a high-performing Airbnb, averaging $4,000/month in income. This asset produces an estimated NOI of $78,000 annually with a 7.6 cap rate, making it an attractive option for investors seeking versatility. other Parcels may be included for an addition two retail storefronts with a total of 12,777 sqft. and turnkey flexability. Investment highlights Growing Redevelopment Corridor Located in an area experiencing ongoing investment, redevelopment, and increasing commercial demand. Immediate Cash Flow Income-producing asset featuring a leased 1,866 SF retail space at $2,500/month and an upstairs Airbnb unit averaging approximately $4,000/month. Strong Investor Returns Estimated NOI of approximately $78,000 annually with a 7.6 cap rate and long-term upside potential. Flexible Potential Permitted uses include retail, restaurants, medical offices, professional offices, entertainment venues, service establishments, banks, galleries, and recreational facilities.
Financial Considerations
Price:
$1,000,000
HOA Fee:
N/A
Tax Amount:
$2870.87
Price per SqFt:
$248.94
Tax Legal Description:
LOT 7 EXC S 100 FT MEAS ON ATLANTIC AVE PER DB 470 PG 369 & EXC N 13 FT MEAS ON ATLANTIC AVE BEING 30.9 FT ON W/S ARMSTRONG SUB MB 9 PG 280 PER OR 4888 PG 3725 PER OR 5559 PG 770 PER OR 6831 PG 0985
Exterior Features
Lot Size:
4017
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
N/A
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
Bathrooms:
0
Heating:
Central
Cooling:
Central Air
Appliances:
Dishwasher, Dryer, Microwave, Refrigerator, Washer
Furnished:
No
Floor:
N/A
Levels:
N/A
Additional Features
Property Sub Type:
Mixed Use
Style:
N/A
Year Built:
1952
Construction Type:
Block, Concrete, Stucco
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
N/A
Additional Features 2:
N/A
Map
  • Address
    2016 S ATLANTIC AVE
Contact a Professional
Why Choose Us?
  • Communication and Transparency
  • Skilled Negotiation
  • Robust Professional Network
  • After-Sale Support
Featured Properties

Related Properties

img
  • Featured
  • Active
Mixed Use

156 CALLE JOSÉ DE DIEGO

  • 0
  • 0 m²
avt
Daniel Dourado
$ 275,000
avt
Daniel Dourado
$ 1,430,000
avt
Daniel Dourado
$ 997,000
avt
Daniel Dourado
$ 495,000
avt
Daniel Dourado
$ 2,400,000
avt
Daniel Dourado
$ 730,000
avt
Daniel Dourado
$ 450,000
avt
Daniel Dourado
$ 249,000
avt
Daniel Dourado
$ 389,900
avt
Daniel Dourado
$ 240,000
avt
Daniel Dourado
$ 850,000
avt
Daniel Dourado
$ 700,000