Property Description

Great location" in the center of downtown with high visibility. Shares the cross walk with Wells Fargo bank. This property was last sold in 1976! This Art deco style building lies on a 100x26"ft corner lot: Most of the building has south exposure for lots of sunlight. Mixed use with Professional offices on 1st two floors. First floor can be two separate spaces with retail in front (with one bathroom) and office in back with separate entrance and one bathroom. The second floor has dual access from Anderson & Nelson Ave. w/one bathroom. Possible to convert to two apts. with the same floor plan and the top floor. The property comes with 3/4 car parking spaces, 5 boilers, 6 separate electric meters, central air on the 1st floor, front and back stairwell. The building has a new roof, and the two rental units were renovated, approx. 3 years ago. The decommissioned oil tank is still in the ground & the owner has the accompanying documents. The decommissioned oil tank is still in the ground & the owner has the accompanying documents. Building is being sold "as is". Top floor has view of the Empire State building. Better views from roof if another floor was added or converted to a roof deck. Current apt. income is $1,550 + $2,200 (both mo. to mo. tenants). Owner will not deliver apts. vacant but will deliver 1st & 2nd floors vacant. Once updated the total rent projected is $160,000 (conservatively) to $179,000 or more.

Property Features