102104 NW 16th Street

RE-LAUNCHED AT $799,999 | INCOME IN PLACE + VACANT SPACE + VALUE-ADD POTENTIAL~Take another look at this unique commercial opportunity in Newcastle! Situated on approximately 2.15 acres, this multi-building property offers an attractive combination of existing rental income, immediately available commercial space, and future investment or redevelopment potential. A portion of the property is currently occupied by an established granite manufacturing company under a modified gross lease, providing income from day one. The former daycare space is now vacant, creating an immediate opportunity for a new tenant, owner-user, or alternative commercial use. For an investor, the vacant space provides an opportunity to add another revenue stream and increase NOI. For an owner-user, it offers available space for operations while benefiting from income generated by the existing tenant. For a developer, the existing income provides cash flow while evaluating the property's longer-term potential and highest and best use. Another major box has already been checked: a Phase I Environmental Site Assessment has been completed with no recognized environmental concerns identified, subject to review of the final report. Now aggressively repositioned at $799,999 with a motivated seller, this property deserves a fresh look.