$1150000
Bed
Bath
0 SqFt
2 DOM
Built: 1946
CEO & Founder
(650)533-3259Strong in-place income (current 7.6% cap rate!) with excellent development potential! The building is currently configured with two residential units (one two-bedroom and one studio) along with three commercial spaces, creating diversified and reliable income streams. The mixed-use layout offers flexibility for future repositioning or optimization based on market demand. The property offers a new owner the opportunity to adjust rents, refine the tenant mix, or utilize the space for partial or full owner occupancy. The standalone design enhances functionality and access, appealing to both residential tenants and commercial users alike. Located in a high-visibility area of Lake City, the property benefits from consistent foot and vehicle traffic, making it well-suited for retail or service-oriented businesses. NC55 zoning adds further versatility and long-term value.
Listing Provided Courtesy of Timothy Lenihan, Windermere Real Estate Midtown
NWM2507045
Commercial Industrial
2 DOM
4399.56 SqFt
0
1946
Commerc
King
Commercial Sale
Commercial Industrial
Listing Provided Courtesy of Timothy Lenihan, Windermere Real Estate Midtown
Kasamestates data last checked: Apr 16, 2026 11:17 | Listing last modified Apr 15, 2026 00:15,
Source:
Download our Mobile app