2564 21st Street

Midtown/Broadway Corridor/Curtis Park/Land Park

2564 21st Street

Region: Midtown
Use: Office / Retail
Lease or Sale: Sale
Building Size: ±1,950 SF
Sale Price: $805,000

Turton Commercial Real Estate is proud to offer the opportunity to acquire fee simple interest in 2564 21st Street, consisting of a 4,800 SF parcel with a well-maintained ± 1,950 SF standalone building. At just $167 per SF, this site represents a unique value proposition for an owner-user or infill developer, as these “bite-sized” properties become increasingly rare within the urban core. The $805,000 sale price represents an approximate 8.5% cap rate on pro-forma triple net rents, less improvements.

The Property also allows for several potential paths for infill development, including the option to utilize the entire site for housing/mixed-use, or subdividing the existing parcel to sell and/or develop the vacant land fronting the 20th Street – 21st Street Alley.

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