This 5, 261 SF building is 100% leased, currently serving as private art studios—a stable, proven use with an upswing of up to 30% rent increases as office space. The interior is designed to inspire and perform. Dramatic 20-foot ceilings, abundant natural light, and large windows and doors create an open, energizing environment ideal for creative, studio, office, or production uses. The building offers exceptional flexibility for an owner-user or investor. Occupy half the space for your own use while leasing the remaining portion for income. Two private outdoor areas further enhance the experience. One private patio opens directly from the interior, while a second patio is available for shared use by the entire building—perfect for gatherings, breaks, or collaborative moments. Located within an Enterprise Zone, this property delivers built-in financial incentives. The city will match up to $25, 000 in exterior improvements, providing a rare opportunity to enhance curb appeal and long-term value with public support. With all major updates completed in 2017, this is a turnkey asset combining strong current tenancy, creative character, and meaningful upside through rent growth and municipal incentives. A fully leased creative building today—with flexibility, financial advantages, and long-term growth potential built in. Qualified projects may benefit from reduced development costs, accelerated permitting, and rebates on permit fees and sales/use taxes for construction materials. Advantages include workforce hiring and training assistance, executive relocation support, and supply chain referrals. The city’s Enterprise Zone designation provides state income tax credits for new equipment purchases, job creation, and R&D expenditures, along with exemptions on state sales/use tax for manufacturing equipment. Businesses may also access the Commercial Catalyst Program for façade and signage improvements as well as energy cost savings through utility incentive programs.
