54 Webster Street, North Tonawanda, NY 14120

New - 19 Hours Ago

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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

54 Webster Street | MLS# B1706628

This commercial property located at 54 Webster Street, North Tonawanda, NY 14120 is currently listed for sale with an asking price of $3,000,000. Webster Street is located within the North Tonawanda school district. Search North Tonawanda real estate on www.timberlandproperties.com today.

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Property Features

Property Type: Commercial - Business
Basement: Full
Cooling: Central Air
Heating: Gas, Forced Air
Lot Size: 0.33 Acres
Roof Type: Flat
Stories: 2.0
Taxes: $8,386
Year Built: 1900

Feature Descriptions

Exterior: Masonry, Metal Siding, Other
Flooring: Concrete, Linoleum, Vinyl
Lot: Rectangular, Rectangular Lot
Lot Dimensions: 88X165
Parcel#: 291200-185-037-0001-031-000
Parking: Common
Parking Notes: Common
Sewer: Public Sewer
Utilities: Electricity Connected, Sewer Connected

Local Schools

School District: North Tonawanda

Demographics

Listed By / Shown By

Listing By

Agency Name: Pearl Properties of NY LLC
Agency Contact: 716-568-7571

Shown By

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

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