198 n c street

Bordering C Street is a historic Blacksmith shop built in the 1860's that could be a source of income and the upper portion of the lot is undeveloped. The commercial units were a laundromat long ago but are currently occupied by a CPA and insurance agent. There is a workshop in the center of the building. At the current (under) market rents, and with assigning a rental value to the owner occupied unit, this property generates almost a 7% cap rate. A future owner could use this property as is, turn it into a bed and breakfast, use for VRBO or as an AirBnB. A prior appraisal states the structure is 6674 square feet.