This property provides a blend of commercial potential, residential convenience, and adaptability in a General Industrial zoning area, making it a solid investment for the right buyer.
Property Overview:
Price: $975,000
Year Built: 1963
Building Size: 6,352 sq ft
Lot Size: 0.48 acres (21,300 sq ft)
Zoning: GI - General Industrial District
Parking: 4 surface spaces + street parking
2023 Taxes: $5,453.56
Building Features:
Former Use: Bar/Tavern
Current Use: Event Space
Two-Bedroom, One-Bath Apartment: 1,150 sq ft (above the main building)
Sprinkler System: Installed throughout the building
Kitchen Hoods: 2 large hoods (4' x 16' & 4.5' x 13')
Key Highlights:
Versatile Space: The property has a long history as a bar/tavern and is now being used as an event space, making it adaptable for different business models or private ventures.
Apartment Above: The two-bedroom apartment adds potential for residential rental income or owner-occupancy.
Large Kitchen Area: With two substantial kitchen hoods, the space is equipped for catering, food service, or large-scale events that require cooking facilities.
Sprinkler System: Provides added safety and complies with fire safety regulations for commercial properties.
Generous Lot Size: The expansive lot provides ample room for future expansion, outdoor event space, or additional parking.
Considerations:
Zoning: Located in a General Industrial (GI) district, this property offers a variety of permitted uses, which can be beneficial for businesses that require industrial or commercial space.
Renovation Potential: The property could benefit from updates or customization to further suit its next use, whether for continued event hosting, office use, or another industrial application.
Parking: Although there are 4 surface parking spaces, additional street parking is available for larger events, though it may require some consideration for traffic flow.