Exceptional Commercial Investment Opportunity on 6.59 Acres This versatile commercial property currently operated as a short-term rental facility serving traveling professionals, with an established wait list. Flexible rental terms 3*month, 6-month, & 1-year leases, creating multiple income opportunities for investors. The property has previously operated as a Senior Living facility. Property has remained up to code. Two additional studio apartments are under construction, offering potential for increased rental income. The rear portion of the land provides ample space for future development. The property offers a reported cap rate of 10-12%, based on income, expenses, and operating cost. This is strong opportunity for an investor seeking a income-producing commercial property.
Listing courtesy of eXp Realty, LLC.
