Lakeview Plaza is a commercial retail center with twelve retail units, covering approximately 14,600 square feet on a +/-1.27 acre parcel. |
The property is located in a high-traffic area with stunning lake views, ensuring significant visibility and accessibility. |
All twelve units are currently occupied, providing steady cash flow from day one. |
Existing leases are below market rates, offering substantial upside potential through renewal, re-leasing, and leasing up. |
The property can be converted into 48 Residential Units of Use (RUU) or Tourist Accommodation Units (TAU) and up to 72 MFERUUs. |
Current zoning allows 40 hotel units and 15 multi-family units per acre, with a possible increase to 65 by Fall 2025. |