At 1037-1039 Payne Ave, a great redevelopment opportunity awaits! The main floor was formerly a party store with over 1200 SF retail space. The building is currently vacant and ready for renovation. The two billboards on the roof have an income of $1500/yr, and the lease is up for negotiation in March of 2023. There are 4 on-site parking spaces with a small garage at the rear of the building. The Arts & Crafts style 1-bedroom apartment on the upper level needs improvement but features a kitchen, living room, dining area, and full bathroom. It also features many windows - allowing in much natural light, original built-in woodwork, and a walk-out patio on the roof. The apartment can be accessed from the main level and has its dedicated entrance on the north side of the building. It also has the potential for adding 2-3 more bedrooms. The basement can be used as storage. The buyer will need to renovate the entire property for occupancy and additional income.
Listed by Alex Moon of Keller Williams Premier Realty

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