Tons of value add.
Seize this incredible opportunity to own a premier retail property with significant income potential. Situated in an exceptionally high-traffic prime location, this standalone building is located at the bustling intersection of 159th Street and Latrobe Ave, ensuring maximum visibility and commercial success.
Link below for 360 walkthrough, floor plan, and additional pictures.
https://share.giraffe360.com/tzcltIT
Key Features:
High-Traffic Prime Location: Benefit from a dense flow of foot traffic, perfect for driving business and attracting customers.
Long-Term Reliable Tenants: Enjoy the security and stability of established, reliable tenants.
38 Parking Spaces: Ample parking to accommodate your clientele, enhancing convenience and accessibility.
Physical Asset & Income Stream: Own half an acre of land and a standalone building, offering both a tangible asset and a robust income stream.
Included in Sale: Fixtures, furniture, equipment (FF&E), and goodwill.
Lucrative Returns: Strong cash flows and excellent commercial viability make this an exceptional investment.
Valuation: Property valued at $1,100,000 with an additional $350,000 value for the Coin Laundry and dry cleaner’s business.
The Bar/Restaurant rents approx 1,696 Sq ft and lease til 2030 with 10 year option.
Value-Add Opportunities:
Extended Operating Hours: Currently closes at 5pm Monday-Saturday and closed on Sunday. Extending hours can significantly boost revenue.
Add Vending Machines: Introducing vending machines can create an additional income stream.
Optimize Space Utilization: The 6,000 sq ft space is split between the Coin Laundry and dry cleaners. Consider closing the dry-cleaning plant, converting it to a drop-off service, and adding more washing and drying machines to increase profitability.
If your investor clients have been eagerly anticipating the perfect opportunity, the time to act is now. All offers will be given careful consideration. Don’t miss out on this exceptional investment opportunity!
