55 E Main St - Apartments FOR SALE


Webster, NY 14580
$925,000 USD
585-414-0855
55 E Main St, Webster, NY for Sale
$925,000 USD
Apartments - FOR SALE
1/2
null | Request Cap Rate

55 E Main St
Webster, NY 14580


HIGHLIGHTS

  • Fully leased and mixed use building with a prime location in the Village of Webster!
  • Includes Restaurant business located within the building on the main level
  • 7,000 Cars Daily And Supporting Village Business Traffic.

OVERVIEW

This Investment Opportunity Is A FULLY LEASED Mixed Use Building With A Prime Location In The Village Of Webster! This Building Was Stripped To The Studs And Totally Rebuilt By The Current Owners. Maintenance Free Exterior, Rubber Roof, All Windows & Doors Have Been Replaced, Each Of The 6 Tenants Have SEPARATE Utilities And Their Own Electric Panel/Water Heater/Furnace/Central Air. The Main Level Offers A Flourishing Long-Tem Restaurant On A NNN Lease. It Has A Large Kitchen, Front Patio, Dining Room, Two Restrooms & Storage. The Second Floor Offers 4 Apartments, All Are About 1,000sf And Include Refrigerators & Electric Stoves. Two 1 Bedroom & Two 2 Bedroom Apartments Have The Same Kitchen, Appliances, Bathrooms, Flooring & Fixtures. The Tenants All Get Along & Share 2nd Floor Additional Closet Storage. 2nd Floor Also Has Coin Operated Laundry For Additional Income. There Are 2 Utility Rooms Between The Apartments. The Lower Level Is Also About 1,000 sf And Has TWO 1/2 Baths. This Has Been Very Easy To Rent w/ Almost No Vacancy Rate For The Last 10+ Years. Great Visibility & Tons Of Foot Traffic, Plus Over 7,000 Cars Daily And Supporting Village Business Traffic. Please Do NOT Approach Businesses, Employees, Or Tenants. Group Showings Per Schedule Only. Exact Proforma Numbers To Be Released At The Time Of Executed LOI, Subsequent PSA And NDA. $70,000 Annual NOI with $10k Upside Potential, (numbers provided by seller and to be independently verified by buyer). Prescheduled Showings; Wednesday 7/16 at 10AM & 4PM AND Saturday 7/19 at 10AM.

FOR SALE DETAILS

PRICE

$925,000 USD

PRICE/SF

$92 USD /SF

# OF UNITS

6

PRICE/UNIT

$154,167

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1956

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.75 AC

LAND SF

32,670 SF

ZONING

CB

APN/PARCEL ID

265401-080-100-0003-005-000

ASK ABOUT THIS PROPERTY

Tod MyersKeller Williams Realty Greater Rochester - KW COMMore Info
585-414-0855

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Tod MyersKeller Williams Realty Greater Rochester - KW COMMore Info
585-414-0855

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.