6,394 Square Foot Retail Space For Sale @ 616-619-626 Wealthy St Se

Rare opportunity to purchase historic commercial building with parking lot across the street and house in highly desirable Wealthy St. corridor between Wealthy Street Bakery and Donkey Taqueria. 616 Wealthy is 2,400sf old house awaiting permission to be demolished. 626 Wealthy is vacant parking lot. 619 Wealthy is 4,000sf commercial building ready for renovations. All of the brick work has been repointed including new limestone caps on the East parapets. The roof is brand new. Phase 1 work has been done on all of the sites and Phase 2 environmental work has been done on the parking lot and commercial building. Engineering analysis on 619 Wealthy indicated that the foundation and all supporting structures are in great shape. 619 Wealthy has OPRA tax abatement's approved and it is possible they may transfer to a new owner. Historic Preservation Tax Credits are available. Brownfield tax credits may also be available. The Historic Preservation Commission has given approval of two different rehabilitation plans: Full renovation of the building and addition of 1,260 sf of commercial space and two second floor apartments. LUDS approval is also complete OR restoration of the façade only
Call L.A. for data package.