Description
Prime investment opportunity for redevelopment or immediate rental income. This property consists of five adjacent lots (Lots 1418) with approximately 325 feet of frontage, including a corner at Lavender Street. Strategically located just mile from Freeway 59, the site benefits from a newly expanded four-lane thoroughfare, increasing visibility and traffic flow. Two existing buildings4609 (5,194 SF) and 4625 (3,360 SF)are functional. 4609 needs $40K$50K in renovations (last rented in 2023 for $2,300/month and currently renting $2500.00), while 4625 is leased as a convenience store for $2,200/month. Owner is over 70 and ready to sell. Ideal for developers considering a shopping center, self-storage, apartment complex, or motel. Property is being sold AS-IS, WHERE ISno repairs will be made by seller. Strong future potential with income now and long-term upside. For 4609 Laura Koppe, the list price is 399,900.00
-
0BEDS
-
0.62ACRES
-
0BATHS
-
01/2 BATHS
School Information
Description
Prime investment opportunity for redevelopment or immediate rental income. This property consists of five adjacent lots (Lots 1418) with approximately 325 feet of frontage, including a corner at Lavender Street. Strategically located just mile from Freeway 59, the site benefits from a newly expanded four-lane thoroughfare, increasing visibility and traffic flow. Two existing buildings4609 (5,194 SF) and 4625 (3,360 SF)are functional. 4609 needs $40K$50K in renovations (last rented in 2023 for $2,300/month and currently renting $2500.00), while 4625 is leased as a convenience store for $2,200/month. Owner is over 70 and ready to sell. Ideal for developers considering a shopping center, self-storage, apartment complex, or motel. Property is being sold AS-IS, WHERE ISno repairs will be made by seller. Strong future potential with income now and long-term upside. For 4609 Laura Koppe, the list price is 399,900.00