Project Concept & Scope
1. The Commercial Space: "Soul & Spice" Jamaican & Soul Food
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Concept: A unique fusion of authentic Jamaican cuisine and traditional American Soul Food, offering both a warm dine-in experience and a high-volume take-out counter.
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Building Size: 600 sq. ft. footprint (20' x 30') ground-up construction.
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Capacity: Comfortably seats 20 to 50 guests.
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Facilities: Fully equipped commercial kitchen optimized for efficient prep, cooking, and rapid take-out service.
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Customer Parking: Dedicated surface lot with 15 parking spaces ensuring seamless accessibility.
2. The Residential Space: Multi-Family Apartments
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Configuration: A modern 4-unit apartment building structured as 2 units on the first floor and 2 units on the second floor.
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Unit Layout: Each unit features 2 bedrooms, 1 bathroom, a full kitchen, and a cozy dining area.
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Tenant Parking: Dedicated on-site parking with 4 reserved spots for residents.
Key Highlights
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Zero Land Acquisition Cost: The land is already fully owned, significantly reducing initial capital requirements and lowering the overall basis of the project.
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Synergistic Mixed-Use Model: Combining a retail food business with residential multi-family units hedges market risk by diversifying revenue streams across commercial retail and residential housing.
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High-Demand Niche: The Jamaican and Soul Food fusion taps into a passionate consumer base looking for bold, comforting flavors with the convenience of quick-service take-out.
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Optimized Footprint: Compact, efficient construction keeps building costs manageable while maximizing revenue-generating square footage.
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