14-22 Lake Avenue

Wonderfully maintained mixed-use building on Lake Avenue near Downtown. Excellent visibility with exposure to approximately 20,000 AVPD. Current owner purchased it approximately 13 years ago and completely renovated it with new plumbing, electrical, flooring, drywall, windows, kitchens & bathrooms. The roof is 8 years old and was resealed in 2023. The first floor 3,000 SF retail space has been remodeled and is available for lease at $2,500 per month, plus utilities. It includes a commercial kitchen with Ansel system, stove, grill, deep fryer and 3-bay stainless steel sink. The second floor consists of five one-bedroom apartments in very good condition all occupied with working tenants. All tenants are on a month-to-month lease and have been long-term tenants. The parking lot in the rear of the building plus on-street parking provides parking for approximately 15-20 vehicles. The building is also for sale - terms to be defined. The property is in a favorable City Center Zoning District (CCD-R) and provides for a variety of uses.