
Courtesy of: Raquel Sotolongo, Roy & Company, raquel@royandcompany.com
$1,000,000
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2.00 Bath (2 Full)
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Lot: 0.09 Acres
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Other
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$1,000,000
2016 S Atlantic Avenue Prime mixed-use opportunity offering immediate income and long-term upside. The ground floor features a 1, 866 SF retail space currently leased at $2, 500/month, providing stable cash flow. Upstairs, a 1, 200 SF residential unit is operating as a high-performing Airbnb, averaging $4, 000/month in income. This asset produces an estimated NOI of $78, 000 annually with a 7.6% cap rate, making it an attractive option for investors seeking both yield and versatility. Zoned GC-RD, General Commercial Redevelopment, the property also presents strong redevelopment potential to maximize value in a growing area. Some Permitted Uses include : Professional and business offices. Retail stores. Service establishments Newspaper offices. Food stores. bakeries. Banks. Medical and dental clinics. Private clubs and lodges. Public/quasi-public facilities. Restaurants. Art galleries. Bowling recreational facilities. Performance theaters. Movie theaters. Public parking facilities. Medical offices
Courtesy of: Raquel Sotolongo, Roy & Company, raquel@royandcompany.com
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