1081-1087 Mt Vernon Avenue

About this property

Seller is motivated, appraised at $1 million. Located in an Opportunity Zone (tax incentives for redevelopment!), 1081-1087 Mt Vernon Avenue offers 3 storefronts, a parking lot, and 3 stories of mixed-use commercial space ready for new ownership. Set on the corner of Mt. Vernon Ave and 20th St. in the King Lincoln Historical District and available for sale for the first time since 1967, this past owned and operated family pharmacy is ready for new life. Redevelop all three spaces or combine into one project. Create retail/restaurant spaces below and condos/apartments above. Over 20,000 sqft. of possibility. Basement access for each of the 3 buildings. 2nd and 3rd floor access to apartment/condo spaces. Parking lot for 8-10 cars. Across the street, Mount Vernon Plaza is slated for a $20 million redevelopment that will include the addition of 12,000 square feet of retail and 57 units of affordable housing. Target completion in 2028. Sold as is where is. Appraisal and structural report available in Documents section as well as information on Opportunity Zones. Agent related to Seller. Agents, please see A2A remarks and documents section.

Highlights

Sewer

Public Sewer

Heating

Forced Air

Stories

2

Utilities

Water Available, Sewer Available, Natural Gas Available, Electricity Available

Water Source

Public

Lot Size Acres

0.28

Location