6805 Main St - Apartments FOR SALE


Red Creek, NY 13143
$174,999 USD
315-592-8545
6805 Main St, Red Creek, NY for Sale
$174,999 USD
Apartments - FOR SALE
1/18
null | Request Cap Rate

6805 Main St
Red Creek, NY 13143


OVERVIEW

CALLING ALL INVESTORS! INCREDIBLE OPPORTUNIY TO OWN THIS HISTORIC MIXED USE BUILDING LOCATED ON A HIGHLY VISIBLE CORNER LOT IN THE VILLAGE OF RED CREEK. THE CORNERSTONE RESTAURANT AND BAR IS A FULLY OPERATIONAL, TURNKEY BUSINESS LOCATED ON THE FIRST FLOOR OF THIS HISTORIC STAPLE IN THE HEART OF THE VILLAGE. UPSTAIRS, YOU WILL FIND 6 INCOME PRODUCING RESIDENTIAL RENTAL UNITS WITH A MIX OF EFFICIENCY, 1 AND 2 BEDROOM LAYOUTS. CONSISTENT RENTAL HISTORY WITH ROOM FOR INCREASED REVENUE. ROOF IS ONLY TWO YEARS OLD. INCLUDED IN THE SALE IS TWO PARCELS- ONE WITH THE BUILDING AS WELL AS THE ADDITONAL SURROUNDING LOT ADDING TO THE OFF-STREET PARKING, THIS BUILDING HAS EXCELLENT STREET VISIBILITY AND FOOT TRAFFIC, CLOSE PROXIMITY TO SHOPS, SERVICE AND LOCAL AMENTITIES. BUILT IN THE 1800S, THIS BUILDING BOASTS TIMELESS ARCHITECTURAL ELEMENTS, HIGH CEILINGS, LARGE WINDOWS AND A COMANDING PRESENCE IN THE VILLAGE ITSELF. WHETHER YOU'RE LOOKING TO OWN AND OPERATE A BUSINESS DOWNSTAIRS WHILE LIVING ABOVE, OR SEEKING A FULLY LEASED INVESTMENT PROPERTY WITH STRONG INCOME POTENTIAL, THIS BUILDING OFFERS ENDLESS POSSIBILITIES AND IS WAITING FOR IT'S NEW OWNER TO BREATHE NEW LIFE INTO IT.

FOR SALE DETAILS

PRICE

$174,999 USD

PRICE/SF

$21 USD /SF

# OF UNITS

7

PRICE/UNIT

$25,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1880

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.53 AC

LAND SF

23,087 SF

ZONING

01 - NOT Z

APN/PARCEL ID

544801-078-118-0014-307-321-0000,544801-078-118-0014-308-313-0000

ASK ABOUT THIS PROPERTY

Patrick HaggertyCentury 21 Leah's SignatureMore Info
315-592-8545

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Patrick HaggertyCentury 21 Leah's SignatureMore Info
315-592-8545

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