Description
This multi-asset commercial property offers a strong value-add opportunity with diversified income potential. The front building, formerly the Carousel Grocery Store, benefits from established visibility, steady traffic, and easy access--ideal for redevelopment into a restaurant, bar, gas station, or retail use. The rear warehouse, once the historic Carousel Night Club, provides substantial space for adaptive reuse, storage, or light industrial applications. The property also includes two residential homes, offering immediate rental income or on-site housing options, plus an additional parcel of land for future development or expansion. With a mix of commercial and residential assets, this property is well-suited for investors seeking multiple revenue streams, redevelopment upside, and long-term appreciation potential.
School Ratings & Info
Description
This multi-asset commercial property offers a strong value-add opportunity with diversified income potential. The front building, formerly the Carousel Grocery Store, benefits from established visibility, steady traffic, and easy access--ideal for redevelopment into a restaurant, bar, gas station, or retail use. The rear warehouse, once the historic Carousel Night Club, provides substantial space for adaptive reuse, storage, or light industrial applications. The property also includes two residential homes, offering immediate rental income or on-site housing options, plus an additional parcel of land for future development or expansion. With a mix of commercial and residential assets, this property is well-suited for investors seeking multiple revenue streams, redevelopment upside, and long-term appreciation potential.
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