Description
These two buildings are situated on a 7,000sf lot, its a mixed-use/live-work opportunity in highly sought after Atwater Village. The first building consists of retail unit currently being used a liquor store with ample warehouse component and surface parking. The business currently maintains an active ABC liquor license until Aug 2021 and has been in business over 30 years, seller would be looking to potentially leave at the close of escrow. The 2nd building is a residential unit currently occupied with a MTM tenant, well below market rents. It has its own separate address consisting of 1 bd + 1 ba, kitchen, living room with its own gated rear yard giving the expansion potential to create a larger foot print for the main house. It also has a detached two car garage. The 2 car garage lends itself to an ADU opportunity, creating a duplex and a free-standing retail building. An owner-user could live in this gentrified community while operating the retail business and potentially leasing out the converted ADU as a solid supplemental income stream.
-
1BEDS
-
0.16ACRES
-
1BATHS
-
01/2 BATHS
-
1,997SQFT
-
$500$/SQFT
Description
These two buildings are situated on a 7,000sf lot, its a mixed-use/live-work opportunity in highly sought after Atwater Village. The first building consists of retail unit currently being used a liquor store with ample warehouse component and surface parking. The business currently maintains an active ABC liquor license until Aug 2021 and has been in business over 30 years, seller would be looking to potentially leave at the close of escrow. The 2nd building is a residential unit currently occupied with a MTM tenant, well below market rents. It has its own separate address consisting of 1 bd + 1 ba, kitchen, living room with its own gated rear yard giving the expansion potential to create a larger foot print for the main house. It also has a detached two car garage. The 2 car garage lends itself to an ADU opportunity, creating a duplex and a free-standing retail building. An owner-user could live in this gentrified community while operating the retail business and potentially leasing out the converted ADU as a solid supplemental income stream.
Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-11T10:24:57.093. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or COMPASS. Licensed in the State of California, USA.