About 512 Oliver Street
Prime Mixed-Use Commercial Investment Seize the opportunity to own a versatile and income-generating property in a high-demand location. This well-positioned mixed-use asset offers: Established Commercial Tenant: The ground-floor retail space is currently occupied by a long-standing, reputable business—providing immediate, stable income and reducing leasing risk for investors. Five Residential Units: Thoughtfully designed apartments with contemporary finishes. Several units are currently leased, with strong rental demand offering excellent potential to achieve full occupancy. Value-Add Upside: With room to optimize residential rents and lease remaining units, this property presents a compelling opportunity for increased cash flow and long-term equity growth. Strategic Location: Located in a vibrant, transit-accessible area surrounded by retail, dining, and residential development—ideal for both commercial and residential tenants. Diversified Income Streams: Benefit from a balanced mix of commercial and residential revenue, offering financial stability and resilience. Fully Tenanted Commercial Space: The commercial unit is leased to a reliable, long-term tenant, making this an ideal hands-off investment with no need for owner occupancy or business setup.
Features of 512 Oliver Street
| MLS® # | B1617424 |
|---|---|
| Price | $499,999 |
| Bedrooms | 5 |
| Bathrooms | 0.00 |
| Square Footage | 10,503 |
| Square Footage | 11590 |
| Acres | 0.27 |
| Year Built | 1935 |
| Type | Multi Family |
| Sub-Type | Other |
| Status | Active Under Contract |
Community Information
| Address | 512 Oliver Street |
|---|---|
| Area | North Tonawanda-City |
| Subdivision | Mile Reserve |
| City | North Tonawanda |
| County | Niagara |
| State | NY |
| Zip Code | 14120 |
Amenities
| Utilities | Sewer Connected, Water Connected, Other, See Remarks, Water |
|---|---|
| Features | Near Public Transit, Rectangular, Rectangular Lot, Residential Lot |
| Parking | Driveway, No Garage, One Space, Shared Driveway |
| Garages | Driveway, No Garage, One Space, Shared Driveway |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior | Carpet, Hardwood, Laminate, Varies, Vinyl |
|---|---|
| Appliances | Electric Oven, Electric Range, Gas Water Heater, Refrigerator |
| Heating | Gas, Baseboard, Forced Air, Hot Water |
| Fireplace | No |
| # of Stories | 2 |
| Stories | 2 |
| Has Basement | Yes |
| Basement | Full, Walk-Out Access |
Exterior
| Exterior | Vinyl Siding, Brick |
|---|---|
| Exterior Features | Blacktop Driveway |
| Lot Description | Near Public Transit, Rectangular, Rectangular Lot, Residential Lot |
| Roof | Asphalt, Shingle |
| Construction | Vinyl Siding, Brick |
School Information
| District | North Tonawanda |
|---|
Additional Information
| Short Sale | No |
|---|---|
| RE / Bank Owned | No |
Listing Details
| Office | Towne Housing Real Estate |
|---|---|
| Contact Info | 646-377-1087 |