PENDING
23 Main Street, Waddington, NY 13694
$167,000
PENDING
23 Main Street, Waddington, NY 13694
$167,000
| 12,048 sq ft |
14 bed |
9 bath |
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Property Description
Prime Historic Commercial/Residential Investment on Waddington''s Main Street A Rare Seven-Unit Apartment Building with Stable Commercial Income Location, Location, Location: Seize this exceptional opportunity to own a piece of Waddington''s history! Located directly on Main Street, this magnificent historic brick building offers unparalleled visibility and a thriving mix of residential and commercial income. Enjoy being just a short stroll from the majestic St. Lawrence River, offering beautiful views and public waterfront access. Key Investment Highlights * Stable Commercial Tenancy: The large, highly desirable main floor commercial space is currently occupied by the U.S. Post Office, providing a guaranteed revenue stream. Their secure 1333.33/mth lease runs until June 30 2029. Lease attached in docs * Residential Income: The property features seven apartment units. Four units are currently occupied. 2 units month to month 2 have leases. All income based rentals * Value-Add Potential: Three units are ready for renovations, allowing the new owner to increase rental income and property value! Unit 5 will require relocation of existing bathroom to remove from location directly above postal computers. Units 3 & 8 are vacant * Parking Abundance: Offers dedicated parking for approximately 12 vehicles in the rear, plus convenient short-term parking spaces in the front for customers * Recent Updates: This building has seen many recent updates, ensuring the structure is well-maintained and ready for its next owner. Property Details * Current Occupancy: 4 out of 7 residential units occupied. Commercial space (US Post Office) is fully occupied. **Due to Postal regs only the lobby is available for showings. * Condition: All occupied units are in good condition with current tenants. * Laundry: Coin laundry equipment is NOT included in the sale. The existing contract with John''s Appliance may be independently continued by the new buyer. Unit 1 also has storage and water heater access for all but 2 units (in basement) The property is being sold "as is." ALL BUYERS MUST be Preapproved or show VOF Prior to scheduling any showings. ALL SHOWINGS MUST ALLOW 48hr notice to contact ALL tenants. Showings must be coordinated with listing agent AND building manager schedules. Prefer Weekday showings The back portion of the post office is not accessible for showings due to post office rules and regs. Postal Conflict of interest addendum restricts owners from having any relationship with the post office see attached documents
Property Summary
| Type | RESIDENTIAL / COMMERCIAL | MLS # | 52250 |
| Style | Commercial | Year Built | 1951 (75 years old) |
| Stories | 3 | Est. Taxes | $3,500 |
Features
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Other Information |
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