Property Detail

Description

2075 Baldwin Avenue is a 100% occupied mixed-use investment property offered at $2,207,767, an 8.20% cap rate. It has 12,179 SF of building area on ±1.21 acres (52,708 SF) zoned C-2 (Intensive Commercial). The site is next to the new Hewitt Park, off Myers Street and Baldwin Avenue, and sits in a federal Qualified Opportunity Zone (Census Tract 28). The property combines three income streams on one parcel: Parkview Daycare: 4,130 SF, built new in 2019, leased through March 2029. A work training center: 4,935 SF of office space remodeled in 2019. Five one-bedroom apartments: built new in 2019. Together they produce $209,939 in gross annual income and $181,037 in net operating income. Diversified tenants, newer improvements and Opportunity Zone tax potential make it a strong fit for investors and 1031 exchange buyers.