Remarks

Value-add investment opportunity at 117 Osborn Street and 130 Watkins Street, a block-through assemblage consisting of a vacant 2,500 SF lot and a magnificent church that totals nearly 10k SF over four floors. The properties can be sold together or separately with the capability to transfer the church air rights to the land purchaser. 130 Watkins is in remarkable condition and would be a prime candidate for a residential conversion on with its high ceilings, windows on four sides, and existing elevator. The first floor and basement are Use Group 6 (eating and drinking establishment) and it features a legal kitchen in the basement, an outdoor deck on the second floor, and open column-free floorplates that could work for multiple uses. The properties are contiguous to a 10-lot assemblage that could be purchased as well and for a total of 142,000 BSF, as well as a ~100,000 BSF site we have coming up on the opposite corner. Feel free to reach out for additional information.

Details

MLS#: 11393456
Price: $3,500,000

Style: Low-rise
Bedrooms: 1
Baths Full: 0
Baths Half: 0
Sq Ft: 9908
Year Built: 0

County: Kings
Tax Fee: 0

School District: 000000