This small commercial property had been overlooked by larger investors, yet for the right mix of local businesses, the buyer knew it would have a great impact on the local area. AMRIK consulted and facilitated the rezoning and design process.
Residents are showing their love for small local shops over vast box stores, and compact parcels are a great opening for investors who see the value in micro-markets.
In less central areas, there is another fantastic reason small properties do well. They create more affordable brick and mortar spaces for businesses to grow, which encourages community growth.
This property was owned by an investor client and remains a leasehold option for neighbourhood retail.