Rosedale Co-op for Sale: A Comprehensive Guide
Are you looking for a unique opportunity to own a piece of history? The Rosedale Co-op, a beloved community hub in the heart of the city, is now available for sale. This article will delve into the various aspects of this property, including its history, location, amenities, and potential for future development. Whether you’re a seasoned investor or a first-time buyer, this guide will provide you with all the information you need to make an informed decision.
History of Rosedale Co-op
The Rosedale Co-op was established in 1946, making it one of the oldest co-ops in the country. It was founded by a group of local residents who wanted to create a community-owned grocery store that offered affordable, high-quality products. Over the years, the co-op has expanded its offerings to include a bakery, deli, and a variety of other services, making it a true cornerstone of the neighborhood.
Location and Accessibility
Located in the bustling Rosedale neighborhood, the co-op is situated in a prime location with easy access to public transportation. The property is just a short walk from multiple bus stops and the subway, making it convenient for residents and visitors alike. The area is also well-known for its charming streets, tree-lined avenues, and a variety of shops and restaurants within walking distance.
| Public Transportation | Distance |
|---|---|
| Bus Stops | Less than 100 meters |
| Subway Station | 500 meters |
Amenities and Features
The Rosedale Co-op is a beautifully maintained property with a range of amenities and features that make it an ideal location for both personal and commercial use. Here’s a breakdown of some of the key features:
- Spacious Retail Space: The co-op boasts over 10,000 square feet of retail space, perfect for a variety of businesses.
- Well-Appointed Bakery: The on-site bakery is renowned for its delicious pastries and bread, attracting customers from all over the city.
- Deli and Caf茅: The deli offers a wide selection of fresh, locally sourced ingredients, while the caf茅 provides a cozy spot for residents to enjoy a meal or a cup of coffee.
- Meeting Rooms: The co-op has several meeting rooms available for rent, making it an excellent venue for community events and workshops.
- Outdoor Seating: The property features a charming outdoor seating area, perfect for enjoying a meal or a drink with friends.
Potential for Future Development
The Rosedale Co-op offers a unique opportunity for investors to capitalize on the growing demand for community-oriented spaces. With its prime location and existing amenities, the property has the potential to become a hub for local businesses and residents. Here are a few ideas for future development:
- Expand Retail Space: Convert additional space into retail or office space to accommodate more businesses.
- Renovate Existing Facilities: Update the bakery, deli, and caf茅 to enhance the customer experience.
- Develop Residential Units: Convert some of the existing space into residential units to create a mixed-use property.
- Host Community Events: Organize regular events and workshops to foster a sense of community and attract new customers.
Financials and Investment Potential
The Rosedale Co-op is currently for sale at an asking price of $3.5 million. This price reflects the property’s current value, including its retail space, bakery, deli, and other amenities. As an investment, the co-op offers several advantages:
- Stable Revenue: The co-op generates a consistent revenue stream from its bakery, deli, and other services.
- Strong Community Support: The co-op has a loyal customer base and a strong community presence, making it an attractive investment.
- Potential for Growth: With the right development plan, the co-op has the potential to increase its revenue and value