Whale of An Investment Opportunity! 20 meticulous and spacious 1-bedroom apartment units PLUS 15,000 SF of retail on busy Valley Avenue, Winchester. Almost all units have recently been renovated top to bottom with new vinyl flooring, paint, appliances, cabinets, stackable washer/dryers, plumbing, light fixtures, new windows, and 15 have new HVAC units! This all-masonry building is virtually like-new with asbestos remediation completed too. Great tenancy with quality occupants. Very well maintained with pride of ownership that includes security cameras and bright exterior and interior lighting throughout. Dedicated parking for tenants. Lifetime roof warranty to convey. Commercial square footage includes 3000 SF leased to long term tenant and 12K SF recently vacated. Vacated square footage ideal for single tenant re-let or multi-tenant re-letting; potential tenants could include fitness facility, physical therapy clinic, modern laundromat, or re-purposed into temp- controlled mini storage by owner/operator. Zoned B2 for a variety of retail, service or professional office use. Lease space marketed for $8 PSF NNN. Grandfathered, over-size signage on Valley Ave for multiple businesses. Excellent storefront parking and window display. Fully sprinkled in commercial space. 480 vt/3 phase electric. One roll up, on-grade door with staging area. Clear span for maximum open concept or reconfiguration. Exceptional maintenance history. Potential Gross Annual Income at Full Occupancy Exceeding $326K. List price $2,650,000.00.
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