Overview
- Updated On:
- September 9, 2024
- 4 Bedrooms
- 3 Bathrooms
Description
Even though the property has been utilized as an office for many years, it presents a unique opportunity to convert it back to residential, continue to use it as an office, or customize it for both, as a work/life property. This property combines the best of both worlds – offering the tranquility of residential living with the convenient proximity of retail and services.
This property was recently purchased by a non-profit organization to be renovated and used as a school but they found another building that is larger and currently used as a pre-school, so they are able to occupy it immediately. This creates a fantastic opportunity for an investor or business owner to purchase a property at a great price with significant upside potential.
Most of the interior has been stripped down to the wall studs and some walls have been completely removed. This provides a blank canvas for customization, allowing the new owner to tailor the space according to their needs or preferences, whether it will be for their own use, for a new tenant, or to divide it for multiple tenants or sharing space with others.
The property’s suitability for traditional offices or open concept layouts widens its appeal to a diverse range of uses and tenants.
Survey and Architectural Drawings Available: Having these documents readily available may streamline the renovation process, provide clarity for potential buyers and tenants, and significantly reduce the renovation cost.
Income Generation Potential: The ability to divide the building into multiple units offers the flexibility to generate rental income while still having space for the owner’s use or until owner’s business grows to utilize the entire building.
Large Parking Lot and Land to Expand: Approximately half an acre.
- Principal and Interest
- Property Tax
- HOA fee
