This building has been completely rehabbed over the last 10 years. Once upon a time it was a bikini bar. When it was purchased by the current owners gutted the entire building. It has new plumbing, windows, electrical, sheertock, trim and doors, paint ,bathrooms, furnaces, air conditioning and finishes. It would be $100,000's of thousand of dollars more to rebuild this space! It currently has a beauty shop, a coffee shop, 1 -2 bedroom and 1-3 bedroom apartment 1 - office not rented and a warehouse space not rented. Owner has moved out of the area and needs to sell. Cap rates are based on full occupancy. Owner has been living in building so rents have been suppressed. Rents are low probably closer to 6 dollars a square foot and need increased. This is a beautiful building
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