Prime Downtown Palmerston Commercial Property For Sale A Versatile Investment Opportunity!Description: An exceptional investment opportunity awaits in the heart of downtown Palmerston! This versatile commercial property boasts a strategic location and diverse income streams, making it a standout choice for savvy investors. The property includes three established restaurants, a laundromat, and multiple residential units designed to maximize profitability and cater to a wide range of tenants. Property Highlights: Three Restaurants: Well-established dining options with loyal customer bases, providing steady income and excellent growth potential. Laundromat: a conveniently located facility catering to residents and businesses, ensuring consistent revenue. Residential Units: Two 3-Bedroom Apartments: Spacious and well-maintained, perfect for families or professionals. Five 2-Bedroom Apartments: Ideal for couples, small families, or individuals seeking comfortable living in a prime location. Key Features: Prime Location: Situated in the bustling downtown area of Palmerston, ensuring high visibility and foot traffic. Substantial Rental Income: Multiple income streams from commercial and residential tenants. Turnkey Investment: Fully equipped and operational businesses with established customer bases. Parking: Ample parking is available for restaurant patrons, laundromat users, and apartment residents. Why Invest Here? Diversified Revenue Streams: Benefit from stable and diverse income sources across commercial and residential units. Growth Potential: Opportunity to further enhance profitability through targeted marketing, menu expansion, and property upgrades. Community Hub: Located in a vibrant downtown area, Seize this chance to acquire a prime commercial property in downtown Palmerston designed to deliver robust returns and long-term value. Whether you're an experienced investor or new to the market, this property offers unmatched potential and opportunity. (id:47423)
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Detailed Information
Lot
66.08 x 70.75 ft
Listing Contract Date
2024-07-26
Location Description
Main/William
Property Type
Retail
Transaction Type
For sale
Zoning Description
Commercial Mixed Use
Building
Cooling Type
Fully air conditioned
Heating Fuel
Electric
Heating Type
Forced air
Size (Exterior)
10000 square feet
Utility Water
Municipal water
Land
Total Size
Bldg=66.13 x 70.75 FT
Size of Irregular Land
Bldg=66.13 x 70.75 FT
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