Prime high-traffic corner lot featuring an operating supermarket with 8 dedicated parking spaces - Located at the high-visibility intersection of SW 22nd Avenue and SW 16th Street. Rare opportunity to acquire an income-producing property in a predominantly residential neighborhood. Excellent visibility, strong street presence, and consistent foot traffic. Year-over-year growth in the area is currently at 13%, making this a compelling investment opportunity with upside potential. Lot size 5004 SQFT - building size 1626 SQFT.
The current lease runs through December 2032.
The property has successfully passed its 40-year recertification, offering added peace of mind and reduced near-term capital concerns.
Favorable General Urban (T4) zoning allows for a versatile mix of residential and neighborhood commercial uses, with up to 3 stories permitted, offering flexibility and strong potential for future development or redevelopment in a growing, high-demand area.