587 Florida Ave SE

New price on this value added Income producing property with $57,930 NOI; recently signed three year lease for restaurant space on first floor. Separate first floor space (Suite B - approx. 1,100 sq. ft.) available for lease .

First Floor - Suite 1 - A 2,192 Sq. Ft. restaurant space with a recently signed three year lease
encompassing approximately 2,192 sq ft of enclosed area with two primary dining
areas with the front dining area currently configured to accommodate approximately 22
diners as well as a small service bar. Located on the east side of the restaurant area is a
separately partitioned dining area currently configured to accommodate approximately
30 diners. Between the two dining areas are two restrooms. Located at the west
end of the space is a commercial kitchen with an overhead fire suppression and
exhaust system. Also located at the far western side of the building is a storage area
with walk-in cooler. Kitchen and storage/work areas finished with vinyl tile floor coverings and fluorescent light fixtures
and eight to nine-foot tall ceilings. The dining areas has tile floor coverings.

First Floor - Suite B - Approximately 1,100 square feet of space available on the first floor perfect for retail or office space in a high visibility corridor and plenty of parking area.

Second floor on east end of building - Four residential rental units totaling approximately 3,078 sq.ft. of area. There is one 3-bedroom/2-bath apartment located on the first floor and three apartment units located on the second floor with one accessed via an exterior stairway on the east side of the building and two apartments accessed via an interior stairway from the rear of
the building. The apartment include vinyl tile and laminate floorings, eight foot tall ceilings, built-in kitchen cabinets, a range/oven, refrigerator and washer/dryers units. The apartment units are each separately metered.