Remarks

This property presents an incredible redevelopment opportunity for a savvy investor looking to maximize value. The building holds a unique charm and character that can be preserved while transforming it into a highly desirable asset. The current owner was unable to complete renovations, leaving the next owner with a prime chance to bring their vision to life. The two upper floors offer an excellent layout for a multifamily conversion, creating much-needed housing while taking advantage of the property’s existing framework. The main floor provides a spacious area well-suited for a food court or restaurant retail/traditional retail to add various tenant and leasing opportunities. The basement level is ideal for a storage unit development, offering practical and in-demand utility space. This is a true value-add opportunity, ready for an investor to step in and complete the transformation while preserving the legacy of a historic landmark. See offering memorandum for more details.

Details

MLS#: 20250601
Price: $800,000

Style: Commercial Building
Sq Ft: 20000 +
Year Built: 1938

County: Sweetwater
Lot Size: 0.11
Tax Fee: 0