309 Main Street

Feldman Ruel is pleased to exclusively offer for sale 309 Main Street, a 9,294-square-foot, mixed-use property with street-level retail and five multifamily units above the second level. The spacious retail unit features four separate entrances, allowing an investor or partial user to subdivide the first level into multiple commercial units, further diversifying income and reducing vacancy risk. While the owner-occupied retail level can be delivered vacant at closing, ownership is also open to a short-term sale-leaseback. The multifamily unit mix includes one studio, three one-bedroom/one-bathroom units, and one three-bedroom/one-bathroom unit. The subject property is currently undergoing an approximately one-million-dollar capital improvement process, including four new HVAC units, three new 100-amp arc-fault subpanels, and extensive renovations of two multifamily units, allowing an investor or partial user to lease these units at premium rents.