A commercial space with some real potential at 1135 S. 9th St. is selling for $450,000 – and it’s across the street from the former MIA Scrubs, Teri’s and Connie’s, which we suggested could become the core of an Italian Market nightlife district.
Or you could live in the 3-bedroom in the building on the upper two floors while collecting rent from the first floor tenant. Whatever, your choice.
According to the listing, the property was almost completely redone seven years ago, and the owner is a contractor who lives in the upper floors.
The residential unit has a separate entrance, with projected rental income about $1,60o monthly. The store tenant is paying $1,500 a month net rent plus half the real-estate tax of the entire building. The building size is inaccurate in the public record because more space was added during the renovations seven years ago, the listing said.
The building, for now, is also right next to this paste-up mural that was covered by a stupid ad in October.
– Ruthann Alexander, @RuthannAlexande