Two adjacent East Cherry Street commercial properties have hit the market in recent weeks.
A recent craigslist ad offered 41-51 E. Cherry St. for $1.295 million. The three-story building has three storefronts (currently all occupied), with nine apartments on the upper floors, in addition to a vacant parcel and a 17-space parking lot that also abuts Lewis Street.
A little further east, 59-61 East Cherry St. (map) is listed for $289,900, and also is occupied by one of the longest-tenured retail tenants on East Cherry Street in New Era Sportswear.
The two parcels possibly create an opportunity to buy up almost half the north side of East Cherry Street for almost $1.6 million.
Another prominent East Cherry Street property has sold, this time a lot on the corner of Irving Street, along with several smaller lots on Lewis Street. 41-51 E. Cherry St. (Block 317, Lot 13), at the corner of Irving Street, went on the market last summer and was acquired with…
The Parking Authority has acquired the New Era Sportswear building on East Cherry Street. The single-story building sold for $277,500 in October, according to property records, first from the original owner, Dweck Family, LP, to 59 E. Cherry St., LLC. It went on the market last summer with an asking…
The Planning Board is scheduled to hear an application Tuesday night for a new rental apartment development along East Cherry Street. Here are 5 things to know about the proposal: * 5 stories, 44 units (a mix of one- and two-bedrooms plus studios), according to the most recent iteration of…
In "Apartments"
4 thoughts on “Two East Cherry Street properties on the market”
It seems a shame that the properties that are rented are the ones for sale, rather than the ones opposite, which have been vacant for a very long time, and that display no outward sign of being marketed to tenants/businesses.
Yea they will tear down and build apartment.the corner build is pretty old and will probably have to be torn down anyway. Not worth 2 million.just the. Proper to 1.5 that’s all I would pay.
A recent craigslist ad offered 41-51 E. Cherry St. for $1.295 million. The three-story building has three storefronts (currently all occupied), with nine apartments on the upper floors, in addition to a vacant parcel and a 17-space parking lot that also abuts Lewis Street.
It seems a shame that the properties that are rented are the ones for sale, rather than the ones opposite, which have been vacant for a very long time, and that display no outward sign of being marketed to tenants/businesses.
Yea they will tear down and build apartment.the corner build is pretty old and will probably have to be torn down anyway. Not worth 2 million.just the. Proper to 1.5 that’s all I would pay.