INVESTOR / BUILDER ALERT 9.40% CAP + 11.27% potential CAP! HIGH-YIELD MIXED-USE OPPORTUNITY WITH MAJOR UPSIDE! Approx. 8,000 sq. ft. property featuring 4 residential + 3 commercial units on a large 70.41' x 165' lot. Currently generating approximately $103,350 NET INCOME, representing an attractive ...9.40% CAP rate. With two residential units currently below market rent, projected income can increase to approximately $148,572 annually with $123,870 NET INCOME - potential 11.27%+ CAP. Multiple ways to add value: convert the main floor into 4 apartments + 1 commercial unit, explore additional units at the rear, or potentially add a third floor, subject to approvals. Flexible CC2 Community Commercial zoning supports numerous income-producing uses, including restaurant, retail, grocery, daycare, medical/clinic, offices, fitness, hospitality, residential and more. Priced below replacement cost with strong existing cash flow, flexible zoning and significant redevelopment potential. A rare opportunity for investors, builders or owner-users looking to increase income and long-term value. Sold "as is, where is".
Full Property Details
General
Business Type
-
Retail Area
4000.00 Sq Ft
Office Area
4000.00 Sq Ft
Total Area
8000.00 Sq Ft Divisible
Sprinklers
No
Drive-In Level Shipping Doors
-
Double Man Shipping Doors
-
Grade Level Shipping Doors
-
Truck Level Shipping Doors
-
Business Type
-
Retail Area
4000.00 Sq Ft
Office Area
4000.00 Sq Ft
Total Area
8000.00 Sq Ft Divisible
Sprinklers
No
Drive-In Level Shipping Doors
-
Double Man Shipping Doors
-
Grade Level Shipping Doors
-
Truck Level Shipping Doors
-
Interior
Washrooms
0
Heating Fuel
Gas Forced Air Open
Air Conditioning
Partial
Washrooms
0
Heating Fuel
Gas Forced Air Open
Air Conditioning
Partial
Exterior
Depth
165.0
Front
70.41
Lot Size
70 x 165.0 ft
Parking Spaces
-
Total Parking Spaces
-
Parking Description
Outside/Surface
Garage Spaces
-
Zoning
INSH, CC2
Depth
165.0
Front
70.41
Lot Size
70 x 165.0 ft
Parking Spaces
-
Total Parking Spaces
-
Parking Description
Outside/Surface
Garage Spaces
-
Zoning
INSH, CC2
Building Description
Home Type
Commercial
Subtype
Store W Apt/Office
Water Supply
Municipal
Possession Date
No Data
Home Type
Commercial
Subtype
Store W Apt/Office
Water Supply
Municipal
Possession Date
No Data
Community
Community
Lincoln/Crowland
Community
Lincoln/Crowland
Taxes & Fees
Taxes
$12,400 /yr
Tax Year
2025
Occupancy
Tenant
Taxes
$12,400 /yr
Tax Year
2025
Occupancy
Tenant
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