About 2016 S Atlantic Avenue
One or more photo(s) has been virtually staged. Prime mixed-use opportunity offering immediate income and long-term upside. The ground floor features a 1,866 SF retail space currently leased at $2,500/month, providing stable cash flow. Upstairs, a 1,200 SF residential unit is operating as a high-performing Airbnb, averaging $4,000/month in income. This asset produces an estimated NOI of $78,000 annually with a 7.6 cap rate, making it an attractive option for investors seeking versatility. other Parcels may be included for an addition two retail storefronts with a total of 12,777 sqft. and turnkey flexability. Investment highlights Growing Redevelopment Corridor Located in an area experiencing ongoing investment, redevelopment, and increasing commercial demand. Immediate Cash Flow Income-producing asset featuring a leased 1,866 SF retail space at $2,500/month and an upstairs Airbnb unit averaging approximately $4,000/month. Strong Investor Returns Estimated NOI of approximately $78,000 annually with a 7.6 cap rate and long-term upside potential. Flexible Potential Permitted uses include retail, restaurants, medical offices, professional offices, entertainment venues, service establishments, banks, galleries, and recreational facilities.
Features of 2016 S Atlantic Avenue
| MLS® # | O6407889 |
|---|---|
| Price | $1,000,000 |
| Square Footage | 3,066 |
| Acres | 0.09 |
| Year Built | 1952 |
| Type | Commercial Sale |
| Sub-Type | Mixed Use |
| Status | Active |
Listing Details
| Office | ROY & COMPANY |
|---|
Listing Map
Neighborhood Information for 2016 S Atlantic Avenue
Low Residential Turnover, Coastal Area
Statistics
Number of Listings
Population Age
Home Listings Prices
Nearby Schools
| Great Schools | School Name | Distance | |
|---|---|---|---|
|
Pure In Heart Christian Academy And Performing Arts Center Private - to |
2 Miles | |
|
|
Warner Christian Academy Private - Preschool to 12Th Grade - Closest Elementry School |
2 Miles | |
|
|
Mount Calvary Academy Private - Preschool to 6Th Grade |
2 Miles | |
|
R. J. Longstreet Elementary School Public - Kindergarten to 5Th Grade |
2 Miles | |
|
Turie T. Small Elementary School Public - Kindergarten to 5Th Grade |
2 Miles | |
|
|
Basilica School Of St Paul Catholic - Preschool to 8Th Grade - Closest Middle School |
2 Miles | |
|
|
Campbell Middle School Public - 6Th Grade to 8Th Grade |
2 Miles |
School data provided by GreatSchools