1,400 ft2
$1,650,000
Exceptional INVESTMENT and REDEVELOPMENT opportunity in the heart of Hillhurst! Held by the same owner for 56 years, this property offers a rare opportunity to acquire a well-established commercial holding along one of the community’s most commercially active corridors. The approximately 60-foot-wide double lot features a level, fully usable rectangular site with a standalone building of approximately 1,400 SF, excellent exposure to 14th Street NW, ample on-site parking, additional rear access and parking, and an existing pylon sign base. The property boasts a strong rental history, providing established income while future plans are considered. Zoned C-COR2 f2.8 h16, the site offers attractive potential for future redevelopment, subject to City approvals. This evolving urban corridor reinforces the long-term appeal of a property offering both current income and future development potential. Secure a rare Hillhurst investment with established rental income, strategic commercial frontage, and the opportunity to unlock future value through redevelopment. A compelling addition to any investor’s portfolio. (id:58331)
Property Details
|
MLS® Number
|
A2354797 |
|
Property Type
|
Retail |
|
Community Name
|
Hillhurst |
|
Features
|
Back Lane, Level |
|
Parking Space Total
|
8 |
|
Plan
|
5179o |
Building
|
Constructed Date
|
1963 |
|
Construction Material
|
Poured Concrete |
|
Exterior Finish
|
Concrete |
|
Size Exterior
|
1400 Sqft |
|
Size Interior
|
1,400 Ft2 |
|
Total Finished Area
|
1400 Sqft |
|
Type
|
Retail |
Land
|
Acreage
|
No |
|
Size Irregular
|
0.17 |
|
Size Total
|
0.17 Ac|7,251 - 10,889 Sqft |
|
Size Total Text
|
0.17 Ac|7,251 - 10,889 Sqft |
|
Zoning Description
|
C-cor2 |