$3,900,000

About This Property

We are pleased to present Kaley Square, a mixture of 32 commercial/residential units on 12 lots totaling 4.27 acres. The prospective income upon increasing rents is estimated at $500,000 and the seller will consider seller financing. The property has been over 90% occupied for decades and has long term tenants spanning back to the 90's. This investment offers a prospective 10%+ cap with the opportunity to redevelop the site and own nearly an entire city block. Communication with the county shed light on the option to change the zoning and FLU to Neighborhood Commercial and increase value in the site for future redevelopment. This property is truly one of a kind.

infoProperty Details

Property Type

Single Family Residence

Year Built

1945

Living Area

1,406 sqft

Lot Size

0.16 acres

Bedrooms

4

Bathrooms

2

Ownership

Fee Simple

Days on Market

32

List Date

chairInterior Features

yardExterior & Lot

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Listed By

MAVREALTY

727-314-3942