Investment Opportunity! Recently renovated Florence Villa restaurant building with current lease tenant. Frontage on MLK Blvd, in a heavily residential area and just about one mile from 8th St NW. Sale includes the building and lot next door. With the C-3 zoning district there are numerous opportunities for future development and expansion. Potential expansion uses could be a small multi family unit, child care facility, assisted living, office, bake shop, convenience store, restaurant, and retail. Current monthly rent is $1, 800/ month with a scheduled increase next year for $2, 500/ month. Property Highlights include an updated roof in 2020, updated electrical in 2023, New drop ceiling, Natural Gas in progress, New Fences on the Property, Sewer Connection, City Water, and Central air.

Listing courtesy of KELLER WILLIAMS REALTY SMART 1 863-508-3000



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Data last updated at: 2023-12-04 09:10 PM EST