1860 Lombard Street
Presenting an excellent opportunity for all investors! Built in 1908, this Marina District light fixer-upper mixed use commercial/residential property presents an established income producing commercial business with tenant in place on the first floor level and 2bed/1bath second floor residential apartment that will be vacant upon close of escrow.
This property makes an ideal investment with instant cash flow, currently leased to Jigalin Fitness until 2018! The asset is permitted for commercial use with all options on the table, allowing for the buyer to enjoy an income as they plan a new commercial development or work out a renewal contract with the established leaser. The first floor has been the recipient of a renovation and features concrete perimeter foundation, reinforced walls, ADA compliant restroom downstairs and new electrical wiring. The commercial level highlights 13.5ft ceilings with a 200ft 5ft high mezzanine storage area.
The second-floor apartment offers two bedrooms, spacious living and dining rooms, a full bath, large kitchen and laundry area in a light filled, contemporary concept design with generous proportions flooded with natural light from the home's several large windows and 10ft ceiling height throughout. There is an additional epoxy painted rear concrete patio (27ft x 12 ft), a front storage room for electrical and gas panels and garbage storage area.
This is must-see for the savvy investor looking for an established investment return in an ideal location -amidst upscale eateries, boutiques, art galleries, and jewelry stores along Lombard, Union and Chestnut Street, and supported by fun and hip affluent neighborhoods! Seller requests an As-Is sale.
Don't let this pass you by.
Sunday 2:00 - 4:00 11/5
Sunday 2:00 - 4:00 11/12
Tuesday 10:00 - 11:30 11/7
Tuesday 10:30 - 12:00 11/14
Additional Showings by Appointment:
Contact Jason H. Hoffman