4 story income producing property located in the heart of Shawnee on Main Street with huge value add potential. The first floor has been redeveloped and is currently occupied by 5 retail and office tenants providing for a current estimated cap rate of 8.15%. By redeveloping the remaining three floors, an investor could dramatically increase the returns from the property. Shawnee has focused on breathing new life into Main Street with new sidewalks and parks making this a great opportunity to continue the revitalization of the area. The owner has installed new full glass retail frontage windows along Main and in May 2024, completed applying a new 25 year roof coating. Come check out this historic piece of Main Street!
Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."
Why are Real Estate Incentives Important and to Whom?
"Incentives" are vital today and in the future because:
U.S. Public: Many incentives focus on job creation and Affordable Housing
Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.
