5,240 SqFt
5,240 SqFt
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 5,240 sqft
Price per Sqft $133
MLS Listing ID B1705809
Construction Status Existing
HOA Y/N No
Year Built 1900
Annual Tax Amount $17,681
Lot Size 7,705 Sqft
Acres 0.1769
Lot Dimensions 58X131
Property Sub-Type Mixed Use
Property Description
Excellent opportunity to acquire an income-producing mixed-use commercial property in a prominent Main Street location. Offered at $699,000, this well-positioned property features two separate commercial spaces, providing investors with diversified rental income from an established restaurant and a retail/boutique tenant.
The restaurant space is currently leased at $4,000/month plus utilities, while the separate retail/boutique space generates an additional $1,800/month in rental income. Combined current rental income totals $5,800/month, or $69,600 annually, before expenses. The property is also supported by established commercial uses and strong visibility, offering flexibility for future leasing and investment strategies.
Annual real estate taxes are approximately $17,600. With multiple income streams, separate commercial spaces and an established tenant base, 36 Main Street offers investors the opportunity to acquire a property with existing cash flow and potential for future income growth.
Investment Highlights:
• $699,000 asking price
• $69,600 current annual gross rental income
• Restaurant: $4,000/month + utilities
• Retail/Boutique: $1,800/month
• Two separate commercial income streams
• Approximately $17,600 annual real estate taxes
• Prominent Main Street location
• Established commercial uses
• Opportunity for long-term income and appreciation
A compelling addition to an investor's commercial portfolio, 36 Main Street offers the combination of location, established tenancy and diversified rental income that today's commercial investors are seeking. Financials, lease information and additional property details available to qualified buyers.
Location
State NY
County Erie
Area Hamburg-Village-144803
Zoning CBD
Direction GPS
Rooms
Basement Partial
Interior
Heating Gas, Forced Air
Cooling Central Air
Inclusions Land and Building
Fireplace No
Exterior
Utilities Available Electricity Connected, Water Connected
Roof Type Flat
Total Parking Spaces 4
Building
Lot Description Rectangular, Rectangular Lot
Building Description Block, Office
Story 1
Water Public
Level or Stories One
Structure Type Block
Construction Status Existing
Schools
School District Hamburg
Others
Tax ID 144803-196-090-0006-012-100
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Standard
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