This offering presents a unique opportunity to acquire a spacious 3,000 sq ft property, currently operating as a dry cleaning business by the owner, situated on a flat, rectangular 5,000 sq ft lot (50 x 100) not in a flood zone. The sale encompasses the land, building, and the operational dry cleaning business, including its equipment (featuring a Hydro Carbon machine).
While the existing dry cleaning business offers a potential owner-operator income of $75,000 annually (note: no shirt machine on premises), the true value of this property lies in its significant redevelopment potential. Located in the highly desirable DTV (Down Village District) zone, the building is strategically positioned within the town's active redevelopment plan. The DTV zoning permits flexible mixed-use commercial and inclusionary residential development, allowing for up to a four-story structure. This includes ground-floor retail and parking, with the 2nd floor adaptable for either commercial or residential uses, and the 3rd and 4th floors dedicated to residential units. This property is ideal for investors and developers looking to capitalize on a growing market with a versatile future.