7220-7222 Owensmouth Ave

PRICE REDUCED! NAI Capital is pleased to present the Landis Building, an approximately 13,323 SF two-story commercial office building on a 0.47 AC lot. The property presents an amazing opportunity for an owner user seeking to occupy a well maintained office building for their own business use. Owner users who qualify for SBA financing can enjoy as little as 10% down payment if they occupy 51% or more of the building.

The asset presents additional value as a covered land play with future development potential. Zoned C2, it is a Tier 3 Transit Oriented Community and allows for a new owner to build up to 51 market rate multifamily units, or up to 87 units utilizing density bonuses. It also falls within a Qualified Opportunity Zone, giving a new investor the chance to take advantage of additional tax benefits.

The property is currently occupied by a variety of tenants on short term leases, providing maximum flexibility for an incoming owner user or developer. Those seeking to enjoy the benefits of rental income can retain some or all of the existing tenants. The property is currently demised into executive suites on the first and second floors, plus two street-facing retail units on the first floor. The property has elevator service to the second floor. It is currently 83% occupied and all tenants are on month to month leases.