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Key Details
Sold Price $940,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 13,262 sqft
Price per Sqft $70
MLS Listing ID B1565234
Sold Date 03/07/25
Construction Status Existing
HOA Y/N No
Year Built 1970
Annual Tax Amount $15,094
Lot Size 2.349 Acres
Acres 2.3489
Lot Dimensions 378X270
Property Description
10% CAP rate! Centrally located plaza on under 3 acres. (6) units total. New 30+ car parking lot 2018. New facade and metal mansard roof. 2024 new front parking lot, site work/drainage, and flat roof work. Snap Fitness TENANT has 2 brand new high efficiency furnaces and 2 new air conditioners, new exterior windows/doors, new rough plumbing for 4 bathrooms, rough electric, insulation and drywall. Dog Bar and Dog Grooming TENANTS. Warehouse TENANT has (1) large heated warehouse space approx. 4,000 sq feet that was 100% freshly painted in 2016 with garage door entrance. Unique place with a lot of opportunity for the savvy investor. Fully occupied, current gross rents are $11,300 no CAM. Rents should be higher! Seller is open to creative financing.
Location
State NY
County Erie
Area Grand Island-144600
Zoning NBD
Interior
Heating Gas, Forced Air
Cooling Central Air
Fireplace No
Exterior
Utilities Available Sewer Connected
Roof Type Flat
Total Parking Spaces 48
Building
Story 1
Sewer Public Sewer
Level or Stories One
Structure Type Block
Construction Status Existing
Schools
School District Grand Island
Others
Tax ID 144600-024-030-0001-040-210
Acceptable Financing Conventional, Owner Will Carry, Owner May Carry Second, Private Financing Available
Listing Terms Conventional, Owner Will Carry, Owner May Carry Second, Private Financing Available
Special Listing Condition Standard
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Bought with NON MLS