Listing Summary

Value Add Opportunity for an owner-user or investor. The 1-story structure with mezzanine was built in 1920 and the interior is built-out as a restaurant.

Full Description

Strategic Opportunity Zone Investment: 2,537 SF Renovated Mixed-Use Building in Perkins Somerset Oldtown

The Opportunity: A Fully Renovated Asset in a High-Growth District

This is a premier chance for an owner-user or savvy investor to acquire a turnkey property with incredible "value-add" potential. Located in the heart of the Perkins Somerset Oldtown (PSO) Transformation District, this unique 1-story structure with a functional mezzanine offers a rare entry point into one of the city's most aggressively developing corridors.

Whether you are looking to launch a flagship restaurant, establish a creative executive office, or secure a high-yield rental asset, this property is positioned for long-term success. Benefit from the massive tax advantages of being situated within both a federal Opportunity Zone and a local Enterprise Zone, designed to maximize your return on investment and lower your tax liability.

Property Features & Modern Upgrades

Unlike many historic properties that require extensive structural work, this 2,537-square-foot building has undergone significant modernization while maintaining its 1920s architectural integrity.

• Turnkey Interior: The property has been completely renovated, featuring a fresh, modern interior buildout currently configured for a restaurant.

• Mechanical Excellence: Move in with peace of mind thanks to a brand-new HVAC unit and a roof that is in excellent condition.

• Unique Mezzanine: The 1920s design includes a mezzanine level, providing additional square footage and a sophisticated architectural feel—perfect for a private VIP dining area, executive loft, or administrative office.

• Liquor License Potential: A liquor license may be available for this location, significantly enhancing the value and versatility for hospitality entrepreneurs.

Zoning & Versatile Use Cases

The property is backed by flexible C-2 (Community Commercial) Zoning, which allows for a wide spectrum of uses. At a competitive price of just $138 per square foot, the cost of ownership is often lower than leasing comparable space.

• Hospitality: Leverage the existing restaurant buildout and potential liquor license.

• Professional Office: Convert the open floor plan into a high-end executive suite or medical office.

• Creative Retail: Utilize the high ceilings and mezzanine for a boutique retail experience.

Investment Highlights

• Transformation District Location: Be a part of the Perkins Somerset Oldtown revitalization, benefiting from surrounding public and private infrastructure projects.

• Financial Incentives: Fully eligible for Opportunity Zone and Enterprise Zone tax credits and capital gains benefits.

• Move-In Ready: Extensive renovations are already complete, including new interiors and climate control systems.

• Customization Options: While renovated, the seller is a contractor and is willing to further customize the interior design to fit your specific business needs or branding.

• Scalable Equity: Purchase at an affordable price and benefit from the appreciation driven by the local district transformation.

Detailed Specifications

Complete Details

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