108 N Franklin Street, Watkins Glen, NY 14891

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Property Description

OPPORTUNITIES LIKE THIS DON'T COME OFTEN IN THE HEART OF WATKINS GLEN! Known to locals as the House of Hong building, this property is a staple of the downtown landscape. You can own a piece of Watkins Glen history with this well maintained, mixed-use powerhouse. Historically known as the 'Watkins Hotel and located just two blocks from Seneca Lake, this building offers a rare blend of historical charm and modern financial stability. The first floor features a well-established bar and restaurant with a long-term lease. The operator covers all utilities and utilizes the basement for ample storage. The second and third floors house 7 fully occupied, stylish apartments. Renovated within the last decade, these units offer tenants coin operated laundry and private outdoor seating. Landlord covers cable, Wi-Fi, trash, water and sewer, tenants pay their own electric. Tenants enjoy ample street parking on 1st and 2nd Streets and the convenience of being close to everything. The second floor boasts one of only two outdoor seating areas that truly overlook the vibrant Franklin Street corridor. With a proven track record of 100% occupancy and prime location, this is the ultimate 'set and forget investment. Showings begin March 2nd. Interior photos are a sample from when renovations were done. Please ask your agent for the Rental Information Sheet.

108 N Franklin Street | MLS# R1661893

This commercial property located at 108 N Franklin Street, Watkins Glen, NY 14891 is currently listed for sale with an asking price of $1,450,000. N Franklin Street is located within the Watkins Glen school district. Search Watkins Glen real estate on www.timberlandproperties.com today.

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Property Features

Property Type: Commercial - Business
Basement: Full, Storage Space
Cooling: 1 Unit, Central Air
Heating: Electric, Individual
Lot Size: 0.12 Acres
Roof Type: Membrane, Rubber
Stories: 3.0
Taxes: $11,794
Year Built: 1892

Feature Descriptions

Days on Site: 20
Lot: Rectangular, Rectangular Lot
Lot Dimensions: 50X99
Parcel#: 442401-065-045-0001-013-000-0000
Sewer: Public Sewer
Units: 8
Utilities: Electricity Connected, Sewer Connected, Water Connected
Water: Public

Local Schools

School District: Watkins Glen

Demographics

Listed By / Shown By

Listing By

Agency Name: Franzese Real Estate
Agency Phone: (607) 210-6100

Shown By

Agency Title: Timberland Properties
Agency Phone: 845-586-3321

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