Significant Value-Add Opportunity

Highlights

• Fully operational restaurant/bar/grill (2024 revenue: $352,000)
• Restaurant lease commitment at $1,500/month for first 5-year term
• On-site residential house: $1,000/month
• 2BR/1BA apartment: $600/month
• Two light-industrial bays (800–900 SF each): $1,000/month each (conservative estimate)

Description

Unlock a Value-Add Opportunity: Multi-Use Commercial Property with Significant Rental Upside and Business Purchase Option

This expansive 2.73-acre commercial property offers a unique chance to acquire a multi-use site with existing rental income and a substantial opportunity to enhance returns.

Business Purchase & Rental Upside:
An added dimension to this property is the on-site restaurant business, which the owner is willing to sell for $165,000. If the business is purchased, the owner will lease the restaurant space back to the new business owner at a highly favorable rate of $1,500/month. This is well below the market rate for similar restaurant spaces in this location, which typically rent for closer to $4,000/month.

Current Income and Future Potential:

Restaurant Space: Currently owner-occupied, with the option to sell the business and lease at $1,500/month to the buyer of the business. Alternatively, new ownership can bring in a new tenant at market rates around $4,000/month, creating substantial rental upside.
Residential Income: A house rented at $1,000/month and a one-bedroom apartment at $600/month provide steady current cash flow.
Additional Flex Space: Two rear bays not currently leased, representing additional future income potential.
In summary, this property is a genuine value-add opportunity. With the option to purchase the existing business and secure a below-market lease, or to re-tenant at market rates, the new owner can significantly enhance the property’s cash flow and overall investment value.

Additional Note:
If the restaurant space is leased at current market rates of approximately $4,000 to $5,000 per month, the property's pro forma cap rate could easily approach 15%, significantly enhancing the investment's overall return potential.

Prime Commercial Location on 2.73 Acres in a High-Growth Corridor

Situated on a generous 2.73-acre tract, this versatile 8,590 SF multi-use commercial property benefits from outstanding visibility and accessibility in a rapidly developing area. The site is positioned along a well-traveled corridor surrounded by a blend of residential neighborhoods, local businesses, and destination commercial uses, making it ideal for both current operations and future redevelopment.

Its strategic location ensures consistent traffic flow and easy customer access, while the depth and width of the acreage offer excellent flexibility for additional structures, outdoor operations, or expanded parking. The property’s proximity to key community amenities, employment centers, and major transportation routes enhances its appeal to tenants and end users alike.

This is a high-exposure, high-potential site in one of the region’s most active commercial submarkets—well suited for investors, developers, and operators seeking a long-term, growth-oriented location.

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