Mixed-use opportunity - 5,934SF on 0.279 acres just outside of NuLu. Webbs Market, a local convenience store, has been a staple of the Phoenix Hill community for decades. The business and real estate can be purchased as a package for an owner-operator looking to start or expand their convenience store empire. The business occupies the first floor of both 944 & 942 E. Muhammad Ali Blvd, while the second story has remained vacant and requires renovation. Historically, the second story has been utilized as apartments/multifamily.
The sale includes the business’ liquor, grocery, and deli licenses, all equipment and inventory, and 3 parcels of Real Estate (940, 942 & 944 E Muhammad Ali Blvd).
The opportunity poses a significant upside for those willing to make the necessary improvements to drive business and add additional rental revenue from the second story.
Price Breakdown:
Real Estate: $550,000
Business: $200,000
Note the building itself is not generating income through leases as the owner is not paying rent to himself. The business generates $124,000.
