2104 Southern Blvd SE + 3 Acres Vacant Land

Leased Investment at Southern & Unser + 3 Acres of Optional Upside

Located at the intersection of Southern and Unser. The 3,342 SF retail commercial building includes three separate electrical meters, HVAC systems, and exterior entrances. The space currently accommodates two tenants.

Suite A is leased to a smoke shop through October 1, 2029, delivering stable long-term income. Suite B is vacant, creating lease-up or owner-user potential.

This offering includes an additional 3-acre parcel zoned NC (Neighborhood Commercial) behind the building. The building financials below reflect commercial operations only. Land valuation and development potential are not included in NOI or cap rate. Interested buyers should run their own feasibility and financial models for any rear-parcel development or ground lease strategy.

Strong visibility, access, and immediate income with optional long-term redevelopment or ground lease potential. Ideal for investors, 1031 buyers, or owner-users seeking cash flow with expansion flexibility.

Financials (Commercial Building Only)

• NOI (Actual 2025 Annual): $26,494.01* 
• Cap Rate (Actual): 3.55% 
• Potential Market NOI (Lease-Up Scenario): $66,640.08
• Potential Cap Rate at Market NOI: 8.93%

*APOD is available upon request, subject to signing an NDA.

Pricing (Held for Future Separation Consideration)

• Building: $746,460
• Land: $875,000
• Combined Price: $1,621,460

Seller Terms for Initial Marketing Period
The seller would like to market the building and land as a package for the first 60 days.
Individual offers will be accepted and reviewed, but the seller will not respond until the 60-day package period ends.