Property Description

Mixed-use asset positioned along the highly desirable E Broad Street corridor, offering a blend of commercial and residential income streams with immediate value-add potential. The property consists of three units: a first-floor office space, a second-floor residential unit, and a third-floor residential unit.Unit A (first-floor office) is currently being vacated and will be available for lease starting July 1, 2026, with prior rent at $1,500 per month. Unit B (second floor) is leased at $900 per month through June 30, 2027. Unit C (third floor) is currently vacant and was previously rented at $700 per month.The first-floor office space includes five rooms, while the second-floor unit offers six rooms with a kitchen and bathroom, and the third-floor unit includes three rooms with a kitchen and bathroom. The property also features a full unfinished basement with walk-up exterior access, adding storage and utility flexibility.Tenants pay all utilities, with electric, gas, and water individually submetered through Pioneer Energy Management, helping maintain low and predictable operating expenses.Major components include a slate roof, older but durable, with first and second floor HVAC systems approximately 10 years old and third-floor HVAC around 5 years old. Hot water tanks range from 1 to 10 years old. Electrical has been upgraded from knob and tube to circuit breakers, though the exact timing is unknown.

Property Features