8th Street Properties

About this listing

DESCRIPTION

Introducing a rare investment opportunity- this 6,647 SF office building with 7 units (Five Commercial and Two Residential Apartments) offers a compelling blend of historic charm and modern functionality. Positioned in the Anderson area and zoned B-1, the property is a prime prospect for investors seeking a solid income-generating asset with potential for further growth and development. With its strategic location, this property represents a unique chance to acquire a well-maintained, income-producing property with enduring value. Vacant units are currently being renovated, and there are a plethora of tax incentives associated with the property: including a foreign trade zone, Tax Increment Financing (TIF) district, new market tax credit, Low-Income Housing Tax Credits (LIHTC), headquarter-relocation tax credits and Riverfront District.

HIGHLIGHTS

• 6,647 SF office building
  5 Commercial Units, Two Residential Units
  Currently being Renovated
  Zoned B-1
  Located Near Downtown Anderson
  10 Minutes from I-69
  Immediate Rental Income

AREA

Located within minutes of Downtown Anderson and close to I-69-, the area surrounding the property offers a variety of attractions and amenities. Situated within close proximity to popular business and leisure destinations, the location provides convenience and accessibility for investors in the Office/Retail Building market. Nearby points of interest include the Paramount Theatre, Mounds State Park, and the Anderson Center for the Arts, offering cultural experiences and recreational opportunities. Additionally, the up-and-coming downtown area features a variety of dining, shopping, and entertainment options, creating a dynamic environment for businesses and professionals.