Renovated Retail / Mixed-Use on Broadway 5911 S Broadway

NEW PRICING! Kidder Mathews is pleased to present 5911 S Broadway, a 2,400 square foot, two-story building consisting entirely of functional artist studios of varying square footages, with one vacant unit upstairs. All units are on month-to-month leases. An investor can continue to rent these units or alternatively, re-convert the ground floor units to their original use as storefront retail. Alternatively, the building can be occupied by an owner-user for retail, studio, or warehouse use. An owner-user can obtain up to 90% SBA financing.
The rear 1st floor unit includes private use of a 1,000 square foot covered back yard work space, which alternatively could be used for parking. The configuration of combined indoor/outdoor space can be ideal for a variety of commercial uses.
The building has undergone a multitude of upgrades around 2018-19, including a full electrical upgrade to 320 amps; all floors including the balcony's have been replaced with laminate on the 2nd floor; new drywall on all of 1st floor and some on 2nd; new sewage pipes underground going from the 1st floor bathroom to the street; new tankless gas water heater and new pipes to 1st floor bathrooms and upstairs bathroom; new metal door at front entrance.
The large wall downstairs splitting the two studios can be removed to create one larger ground floor space; it's not structural and was installed by seller).
The building's original use was mixed-use ground floor retail and residential units upstairs. Buyer should do his/her own due diligence regarding all permits and square footages.