Attractive Price Per SF: $380 per square foot, this property is competitively priced, offering investors an attractive entry point for a property with diverse income-generating possibilities.
This investment opportunity combines strategic location, versatility, and growth potential, making it an attractive prospect for seasoned investors or owner-users seeking a valuable and adaptable space.
Key Features:
Strategic Location: Situated on a spacious lot, this property enjoys a prime location that offers both accessibility and visibility.
Versatile Flex Space: The property’s flexible design caters to various users, making it ideal for businesses seeking adaptable spaces for office, showroom, or light manufacturing purposes.
R&D Potential: With a designated R&D subtype, the property is well-suited for research and development activities, attracting tenants or businesses in the technology and innovation sectors.
Investment or Owner-User Opportunity: This property presents a dual opportunity for investors seeking a solid income-generating asset or an owner-user looking for a strategic location for their own business operations. A brewery would be perfect in this space.
Historic Charm: Built in 1940, the property exudes historic charm, offering a unique aesthetic appeal that can be leveraged for branding or marketing purposes.
Building Class B: Positioned in the B class category, the property reflects quality construction and design contributing to its long-term value and durability.
Potential for Value Appreciation: The property’s location, coupled with its versatile nature and R&D potential, positions it for potential future value appreciation as the surrounding area develops.