122 16Th Ave

Description

Attention Investors & Developers: Bring your vision to this high-upside 6-unit mixed-use property situated in a desirable RA-2 zoning redevelopment district [1.1], positioning you for potential tax advantages and massive future development potential [1.1]. The property features two commercial storefronts seamlessly combined into one spacious commercial space perfectly setup as a restaurant kitchen with extensive fridge/freezer storage alongside four residential units, including two newly renovated luxury 3-bedroom apartments, one freshly refreshed 2-bedroom apartment, and a final 2-bedroom unit. Delivered as a blank canvas value-add asset, this property is the perfect opportunity for a developer or investor looking to optimize the space from day one and build for the future.

Property details

Type

Multi-Family

Lot size

0.03 acres

Lot dimensions

25X60

Bedrooms

10

Bathrooms

7 full · 1 half

Building size

3,513 sqft

Year built

1925

Units

4

Zoning

RA-2

Possession

at closing

MLS #

4034158