This mixed-use property boasts a prime 4,000 SF ground floor and second floor restaurant space, Currently under a 15-year lease at $36,000 per month with a favorable 3% annual escalation, the restaurant provides a reliable and stable income stream, appealing to both investors and end-users aiming to establish a presence in this thriving district.
The building spans 8,009 SF and includes five residential units, offering additional income potential. One unit currently rents for $4,000 per month, while a rent-controlled unit is leased at $600 per month. The remaining three free market units are vacant, ready for immediate revenue generation.
With property dimensions of 22 x 91 ft and a maximum allowable floor area of 17,600 SF, this asset presents significant opportunities for future development or expansion. The price is negotiable, making it an even more attractive investment in a high-demand location.