Investment Opportunity with High Foot and Car Traffic - Prominent Downtown Location. Featuring a ground-floor shop strategically positioned to capture the bustling foot and car traffic, along with three residential apartments above.
Benefitting from the high visibility and accessibility, the property yields an impressive annual rental income of $231,350. The established Japanese ramen and sushi restaurant on the premises has successfully operated for 17 years, drawing in a steady flow of customers from the vibrant surroundings. With a solid return on investment standing at 6.5%, this opportunity offers the potential for long-term growth and profitability in a prime urban setting.
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Listing Snapshot
Price
$2,800,000
Days On Site
102 Days
Bedrooms
N/A
Inside Area (SqFt)
5,733 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.05 Acres
Year Built
1900
MLS® Number
PAPH2434050
Status
Active
Property Tax
$19,590
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Estimated
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