On the Market: 5 Interesting Listings for September
This month's listings include a historic restaurant built in the 1950s in Utah and a three-unit multifamily project in North Hollywood, Calif.
On the Market is a monthly department curating the most interesting recent for-sale CRE assets for less than $10 million. If you have a commercial real estate asset that you’d like to share with our readers, please email it to Associate Editor Mallory Bulman.
rendering of proposed hotel
Boutique Hotel on Lake Jackson
Location: Sebring, Fla.
Price: $590,000
Rooms: 45
Building Size: 40,000 SF
Price/Room: $13,111.11
Property Type: Hotel
Highlights: Proposed plans for a hotel on a more than one acre lot with two furnished living buildings; developer has plans for boutique or condo hotel; situated on Lake Jackson in Sebring; located minutes from the International Raceway Track; area does not have many hospitality options.
Contact: Uri Segev, UI Holdings LLC, 305-244-2882
2779 Folsom
Location: San Francisco, Calif.
Price: $2.7 million
Building Size: 17,848 SF
Price/SF: $156
Property Type: Retail
Highlights: The property is situated on an 8,424-square-foot lot in the Inner Mission neighborhood; located right off popular 24th Street corridor on a tree-lined street; property will be delivered vacant; neighborhood has easy access to public transportation by the 24th Street BART station or multiple MUNI bus lines; large building envelope with wide roll-up door.
Contact: Alexander Kolovyansky, Vanguard Properties, 415-875-7450
The Mercantile
Location: Ogden, Utah
Price: $788,000
Building Size: 6,243 SF
Price/SF: $126.22
Property Type: Restaurant
Highlights: Property operates as a restaurant, but can accommodate numerous other retail or restaurant concepts; historic 1952-built building with original details; newly renovated with two modern kitchens with walk-in refrigerators and freezers and a new HVAC system; located in original downtown of South Ogden between 39th and 40th Streets on Washington Boulevard; 20 parking spots out front.
Contact: Leigh Ann Fincher, Engel & Volkers, 801-430-5122
9802 Foster Ave.
Location: Brooklyn, N.Y.
Price: $1 million
Building Size: 2,390 SF
Price/SF: $418.41
Property Type: Retail and multifamily
HIghlights: Property is a two-story, three-unit mixed use building in Canarsie, Brooklyn; property consists of two residential apartments totaling 1,445 SF, one 945-square-foot commercial unit, one parking space and 2,179 unused buildable air rights; close to famed Canarsie Pier and near L train, MTA B6, 17, 42, 60, 82 and BM2 buses.
Contact: Andrew Lichtenstein, Andrew Lichtenstein Inc., 800-242-9888
5650 Fulcher Ave.
Location: North Hollywood, Calif.
Price: $1.8 million
Building Size: 4,673 SF
Units: 3
Price/Unit: $633,000
Property Type: Multifamily
Highlights: Under-construction green certified property in trendy North Hollywood Arts District neighborhood; completion is expected in September 2017; property will be delivered vacant; detached front house and rear duplex with townhouse-style units; total of 11 bedrooms and eight-and-a-half bathrooms; front house has an attached two-car garage and the rear units each have two parking spaces.
Contact: Seth Hamilton, Streetlamp Properties, Inc., 714-397-6077
All images and information are courtesy of respective brokers listed.
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