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Description
Prime Payne Ave mixed-use opportunity with income now and upside later. 883 Payne Ave offers 7 total units including two street-level restaurant suites plus five apartments, all complemented by a rare on-site parking lot. Current operations generate $192,792 in gross/effective income with $88,315 NOI, and pro forma projections support $214,200 income and $109,723 NOI through improved rents and continued stabilization. High-visibility corridor location with long-term flexibility for investors seeking strong cash flow, value-add potential, and future redevelopment optionality. All tours require proof of funds and/or approval of financing. No same-day tours.
Location
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By conducting a property search on this site, user agrees to EULA found on: http://www.northstarmls.com/wp-content/uploads/2015/08/EULA.pdf Updated: 20th April, 2026 11:07 PM (UTC)
By conducting a property search on this site, user agrees to EULA found on: http://www.northstarmls.com/wp-content/uploads/2015/08/EULA.pdf Updated: 20th April, 2026 11:07 PM (UTC)
Listing Office: Keller Williams Premier Realty
