42 Main Street

Description

Rare opportunity to acquire a unique multi-building residential/commercial property offering a combination of an existing residential unit and additional lease potential, commercial space, redevelopment possibilities, and ample parking. 1 unit is rented with a live in tenant. This listing is also listed as a commercial sale with an MLS #5107529, There are more photos of the residential and building in that listing. The current owner has already done most of the work any investor would need to develop and All documents are available upon request. Property consists of two commercial buildings plus a dedicated parking lot directly across the street, providing excellent setup for an owner-user, investor, or developer looking for flexibility and future upside. The primary building features 9 individual units, with 4 units currently rented, providing an immediate opportunity to increase occupancy and income. The building is equipped with a sprinkler system throughout and is zoned for multi-purpose use, offering flexibility for a variety of commercial, residential, professional, retail, service, and other permitted uses. One of the existing units is for residential use and is currently occupied by a residential tenant, adding another layer of versatility and income potential to the property. The second commercial building is currently vacant, offering a blank canvas for renovation and redevelopment. Depending on applicable approvals and permitting, this building presents potential for new commercial uses, redevelopment, or even residential or affordable/low-income housing opportunities. With multiple buildings, existing tenants, additional vacant units ready for lease-up, sprinkler protection, flexible zoning, residential use already established within the property, and a vacant building offering significant redevelopment potential, this property presents a compelling opportunity for an investor looking to maximize current income while creating additional long-term value.