Description
PRICE REDUCED!! This iconic local landmark has so much potential for increased income or for a business owner to occupy, whether it be a bar/restaurant, or retail/offices, or all of the above! Strategically located, it stands proud on a corner of the main street in a town loaded with history, including this wonderful building. The main floor is set up as a bar/restaurant, with tons of extra space for additional ventures. Plus it has amazing rental history from the 15 apartments on the 2nd and 3 floors. Only the apartments are rented and have only had minimal rental increases in 10-15 yrs. The commercial space is all unoccupied. Plus there is a 1 bedroom apt kept for the owner on the main level that is unrented. There is ongoing maintenance with such a property, but most of the windows, the roof and the heating systems have been updated. The individual units are electrically heated and the power is included in the rent. The rest of the building and the hot water is heated from the boiler. There is a vacant lot included. *The Listing Agent is related to the Seller.
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14BEDS
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0.27ACRES
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0BATHS
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01/2 BATHS
Description
PRICE REDUCED!! This iconic local landmark has so much potential for increased income or for a business owner to occupy, whether it be a bar/restaurant, or retail/offices, or all of the above! Strategically located, it stands proud on a corner of the main street in a town loaded with history, including this wonderful building. The main floor is set up as a bar/restaurant, with tons of extra space for additional ventures. Plus it has amazing rental history from the 15 apartments on the 2nd and 3 floors. Only the apartments are rented and have only had minimal rental increases in 10-15 yrs. The commercial space is all unoccupied. Plus there is a 1 bedroom apt kept for the owner on the main level that is unrented. There is ongoing maintenance with such a property, but most of the windows, the roof and the heating systems have been updated. The individual units are electrically heated and the power is included in the rent. The rest of the building and the hot water is heated from the boiler. There is a vacant lot included. *The Listing Agent is related to the Seller.
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Data last updated: 2024-10-03T23:35:39.63.