$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

Mixed Use

Year Built

1996

Lot Size

4.27 acres

Bathrooms

0

Ownership

Partnership

Days on Market

33

List Date

Nov 9, 2023

Sold Date

Feb 23, 2024

Annual Taxes

$3K (2022)

chairInterior Features

yardExterior & Lot

Listed By

MAVREALTY

727-314-3942