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2016 S ATLANTIC AVENUE

Commercial For Sale
$1,000,000

BTC: 15.62500000

ETH: 572.73768614

20 days
0 room(s)
3,066 sqft

Overview

One or more photo(s) has been virtually staged. 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 versatility. other Parcels may be included for an addition two retail storefronts with a total of 12,777 sqft. and turnkey flexability. Investment highlights Growing Redevelopment Corridor Located in an area experiencing ongoing investment, redevelopment, and increasing commercial demand. Immediate Cash Flow Income-producing asset featuring a leased 1,866 SF retail space at $2,500/month and an upstairs Airbnb unit averaging approximately $4,000/month. Strong Investor Returns Estimated NOI of approximately $78,000 annually with a 7.6 cap rate and long-term upside potential. Flexible Potential Permitted uses include retail, restaurants, medical offices, professional offices, entertainment venues, service establishments, banks, galleries, and recreational facilities.

Location

Details

Type:
Commercial Sale
Parking:
No Data
Year Built:
1952
Lot:
0.09 Acres
Heating:
Central
Price/sqft:
$326
Cooling:
Central Air
HOA:
No Data

Highlights

Annual tax
$2,870
2025
All facts and features
  • Heating

    • Central

    Cooling

    • Central Air

    Appliances

    • Dishwasher

    • Dryer

    • Microwave

    • Refrigerator

    • Washer

  • Lot

    • Lot: 0.09 Acres

    Other Property Information

    • Parcel Number: 531621000071

    • Zoning: GC-RD

  • Type and style

    • Property Type: Commercial Sale

    • Property Sub Type: Mixed Use

  • Utility

    • Water Connected

  • Other financial information

    • Annual tax amount: $2,871

  • Source details

    • MLS ID: O6407889

    Other facts

    • Construction Materials: Block / Concrete / Stucco

    • Foundation Details: Slab

    • Living Area: 3066

    • Water Source: Public

    • Lot Size Dimensions: 31 x 130

    • Subdivision Name: ARMSTRONG

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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: ROY & COMPANY