54 Webster ST, North Tonawanda, NY 14120
54 Webster ST, North Tonawanda, NY 14120
54 Webster ST, North Tonawanda, NY 14120
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Karin Morabito

Karin Morabito

+1(585) 290-6410
$ 3,000,000
Est. payment | /mo

41,549 SqFt

Save
$ 3,000,000
Est. payment | /mo
Save

41,549 SqFt

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 41,549 sqft

Price per Sqft $72

Subdivision Mile Reserve

MLS Listing ID B1706628

Construction Status Existing

HOA Y/N No

Year Built 1900

Annual Tax Amount $8,386

Lot Size 0.334 Acres

Acres 0.3336

Lot Dimensions 88X165

Property Sub-Type Commercial

Property Description

Prime Prime investment opportunity in booming downtown North Tonawanda. Partnership breakup requires sale of partially developed building. The ground floor is fully occupied with solid commercial restaurant tenants and a NY State Government agency. The 2nd floor apartments are framed out but not complete. There is plenty of space in this building to add additional revenue. The NOI is based on actual rental income. A pro-forma would put this building well north of three million. The improvements to the property included: new electrical service, new plumbing services, many all new HVAC unites throughout, windows and extensive improvements to accommodate the existing tenants. These capital improvements are not reflected in the NOI. A must tour to understand the enormous upside this property offers. Additional Pictures, plans and drawings available

Location

State NY

County Niagara

Community Mile Reserve

Area North Tonawanda-City-291200

Zoning C-2

Rooms

Basement Full

Interior

Heating Gas, Forced Air

Cooling Central Air

Flooring Concrete, Linoleum, Vinyl

Inclusions Building Only

Fireplace No

Exterior

Utilities Available Electricity Connected, Sewer Connected

Roof Type Flat

Total Parking Spaces 200

Building

Lot Description Rectangular, Rectangular Lot

Story 2

Sewer Public Sewer

Level or Stories Two

Structure Type Masonry,Metal Siding,Other

Construction Status Existing

Schools

School District North Tonawanda

Others

Tax ID 291200-185-037-0001-031-000

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition Standard

Listed by Pearl Properties of NY LLC 716-568-7571

NEARBY SCHOOL & BUSINESS

Karin Morabito

+1(585) 290-6410

karin@karinmorabitohomes.com

333 Metro Park, Rochester, NY 14623, USA

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