About 54 Webster Street
Prime Prime investment opportunity in booming downtown North Tonawanda. Partnership breakup requires sale of partially developed building. The ground floor is fully occupied with solid commercial restaurant tenants and a NY State Government agency. The 2nd floor apartments are framed out but not complete. There is plenty of space in this building to add additional revenue. The NOI is based on actual rental income. A pro-forma would put this building well north of three million. The improvements to the property included: new electrical service, new plumbing services, many all new HVAC unites throughout, windows and extensive improvements to accommodate the existing tenants. These capital improvements are not reflected in the NOI. A must tour to understand the enormous upside this property offers. Additional Pictures, plans and drawings available
Features of 54 Webster Street
| MLS® # | B1706628 |
|---|---|
| Price | $2,900,000 |
| Bathrooms | 0.00 |
| Square Footage | 41,549 |
| Square Footage | 14533 |
| Acres | 0.33 |
| Year Built | 1900 |
| Type | Commercial Sale |
| Sub-Type | Commercial |
| Status | Active |
Community Information
| Address | 54 Webster Street |
|---|---|
| Area | North Tonawanda-City |
| Subdivision | Mile Reserve |
| City | North Tonawanda |
| County | Niagara |
| State | NY |
| Zip Code | 14120 |
Amenities
| Utilities | Electricity Connected, Sewer Connected |
|---|---|
| Features | Rectangular, Rectangular Lot |
| Parking Spaces | 200 |
| Parking | Common |
| Garages | Common |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior | Concrete, Linoleum, Vinyl |
|---|---|
| Heating | Gas, Forced Air |
| Cooling | Central Air |
| Fireplace | No |
| # of Stories | 2 |
| Stories | 2 |
| Has Basement | Yes |
| Basement | Full |
Exterior
| Exterior | Masonry, Metal Siding, Other |
|---|---|
| Lot Description | Rectangular, Rectangular Lot |
| Roof | Flat |
| Construction | Masonry, Metal Siding, Other |
School Information
| District | North Tonawanda |
|---|
Additional Information
| Zoning | C-2 |
|---|---|
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Pearl Properties of NY LLC |
|---|---|
| Contact Info | 716-568-7571 |