587 Florida Ave SE

Income producing property with $57,930 NOI.

First Floor - A 2,192 Sq. Ft. Restaurant. Improvements include a small restaurant facility
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 facility 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 and 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 building was observed to be serviced with six central air-conditioning units. The apartment units are each separately metered.