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Exceptional Commercial Investment Opportunity in Derby!
This unique property features 15 rentable units across 11 well-maintained buildings, all situated on a single lot zoned as a motel. Currently leased as residential units, the property generates over $100,000 in annual rental income with substantial potential for growth. Investors can explore opportunities to increase rents or convert the units into short-term rentals for even greater returns.
Recent upgrades include new roofs, water lines, gas lines, and electrical systems, ensuring long-term durability and minimal maintenance concerns. Strategically located on Route 5, the property benefits from high visibility, consistent traffic flow, and easy access to the beautiful Lake Erie shoreline.
Surrounded by established residential neighborhoods and close to popular attractions like Lake Erie Beach Park, this property offers versatility an...
Surrounded by established residential neighborhoods and close to popular attractions like Lake Erie Beach Park, this property offers versatility and strong demand, making it an ideal fit for a variety of commercial ventures.
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