Available for first time is P.S. ONE, a 100 year old brick schoolhouse, painstakingly redeveloped into a retail/office center including a newly constructed 3,000 SF restaurant with additional 900 SF covered outdoor dining area. This is the best of the old and new, while keeping the character of the original schoolhouse including restored 100 year old heart of pine floors, super wide common halls, gallery space and monumental staircase as well as retrofitted large passenger elevator. Excellent signage and visibility from 4th Street North as well as parking for 50+ vehicles. Would allow owner/user to have offices on 2nd floor while profiting from excellent rent roll. Also excellent investment opportunity for restaurateur to own state-of-the-art newly constructed restaurant fronting 4th Street N with excellent visibility, parking and outdoor dining in a prime location. south of 22nd Avenue N and just 11 blocks from Central Avenue.

Location Description:

Located on the NEC of 4th Street N and 11th Avenue N

Highlights:

>> Trophy retail/office property

>> Newly designed/built 3,000 SF restaurant

>> Covered 900 SF outdoor dining area

>> Excellent signage

>> On-site parking for 50+ vehicles

>> 0.77 AC corner lot on east side of 4th St N

>> Only 11 blocks from Central Ave

>> Property abuts desirable Old NE neighborhood

>> Strong demographics

>> 32,000 AADT

>> Construction completion anticipated in July 2017

>> 26,500 trips = AADT

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