Listing Notes
Mixed-use, multi-family property offering strong redevelopment potential. The existing structure includes one commercial unit, three residential apartments, and a detached two-car garage. The property is commercially zoned. Property sustained fire damage affecting y two units however the entire property requires significant repairs or full rehabilitation. This presents an excellent opportunity for an investor or developer to rehab and reposition the existing building, tear down and rebuild a new multi-unit structure, or redevelop the site into several townhomes, subject to zoning and municipal approvals. Ideal for value-add investors seeking a project with upside in a mixed-use or residential redevelopment strategy. Property is being sold as-is. Buyer to conduct all due diligence regarding zoning, permits, and redevelopment options. Sale is based on land value, no property entry is offered. Agent has equitable interest.
Price in context
Cheaper than 33% of the 24 homes listed nearby right now, which run $117,500 to $265,000.
See all 24 nearby listings
| Address | Asking | Size |
|---|---|---|
| 1406 W 6th St | $117,500 | 3 bd · 1.5 ba |
| 1410 W 3rd St | $119,900 | 4 bd · 2 ba |
| 1341 W Fourth St | $120,000 | Studio |
| 508 N Broom St | $125,000 | 4 bd · 2 ba |
| 408 Broom St | $129,999 | 3 bd · 1 ba |
| 1333 W 5th St | $150,000 | 3 bd · 1 ba |
| 1316 W 4th St | $159,900 | 3 bd · 1.5 ba |
| 1322 W 5th St | $160,900 | 4 bd · 2 ba |
| 1334 W 3rd St | $167,000 | 3 bd · 2.5 ba |
| 1317 W 3rd St | $175,000 | — |
| 1332 W 5th St | $178,000 | 3 bd · 1.5 ba |
| 413 N Broom St | $180,000 | 4 bd · 2 ba |
| 1326 W 5th St | $185,000 | 4 bd · 2.5 ba |
| 231 N Broom St | $185,000 | 7 bd · 2.5 ba |
| 1400 W 6th St | $189,900 | 3 bd · 2.5 ba |
| 240 N Rodney St | $190,000 | 3 bd · 2.5 ba |
| 407 N Rodney St | $199,900 | 3 bd · 1.5 ba |
| 1404 W Third St | $200,000 | 3 bd · 1.5 ba |
| 302 N Rodney St | $210,000 | 9 bd · 3 ba |
| 508 N Rodney St | $230,000 | 2 bd · 1.5 ba |
| 1328 W 5th St | $239,900 | 3 bd · 1.5 ba |
| 239 N Broom St | $249,900 | — |
| 314 N Broom St | $264,900 | 5 bd · 3 ba |
| 403 N Rodney St | $265,000 | 4 bd · 2.5 ba |
Where it is
For sale Coming soon Recently sold— zoom out for more