Property Description

ATTENTION INVESTORS! Rare opportunity to own an income-producing mixed-use property in a high-visibility corner location on the main strip in Etowah, near the historic train depot! This property offers TWO separate main-level commercial retail spaces PLUS FOUR upstairs apartments that are currently rented and generating income.CURRENT APARTMENT RENTAL INCOME: Unit 1 - Studio - $600/month Unit 2 - 2 Bedroom - $695/month Unit 3 - 1 Bedroom - $695/month Unit 4 - Studio - $600/monthTotal Current Residential Rental Income: $2,590/month!A separate entrance provides private access to the upstairs residential units. The two commercial spaces offer tremendous flexibility for boutiques, antique shops, offices, retail, service businesses, or other potential uses.Looking to maximize your investment? Consider reconfiguring the commercial space to potentially create additional residential units in the rear, or explore possible zoning options with the City of Etowah for further residential conversion.With 2 commercial spaces, 4 income-producing apartments, 41/2 bathrooms, excellent visibility, existing rental income, and multiple opportunities to add value, this property offers serious investment potential. Operate your own business, lease the commercial spaces, collect residential rent-or explore redevelopment opportunities. The possibilities are endless!Buyer to verify zoning, permitted uses, potential conversions, rental information, square footage, and all information deemed important.Tenant occupied upstairs. 24-hour notice required to show. NO SUPRA. Keys to be picked up at listing office in Athens. Commercial units are vacant and there is a Supra Lockbox for Commercial main level spaces.

Property Features