Norwood NY Commercial for Sale
$95,000
14 Mechanic St Norwood, NY 13668
- Type:
- Multi-Family
- Sq.Ft.:
- 2,600
- Status:
- Active
- Beds:
- 3
- Year built:
- 1950
- Baths:
- 3.00
- MLS#:
- 50460
ADDITIONAL INFORMATION
Versatile Commercial Property with Renovated Bar and Income-Generating Apartment Discover an exceptional investment opportunity with this versatile commercial property. This charming building features a newly renovated bar on the ground floor and a spacious three-bedroom apartment upstairs with a long-term tenant of five years, boasting an excellent payment history. Upstairs Apartment: - 3 Bedrooms: Provides ample living space. - Long-Term Tenant: Reliable tenant with a 5-year history and excellent payment record. - Rental Income:$875 per month, covering most of the property's expenses. - Tenant Responsibilities: Pays own heat, cable, and internet. - Utilities Included: Water and electricity included in rent. Ground Floor Bar: - Fully Equipped: Comes with all necessary equipment to operate a bar seamlessly. - Newly Renovated: Modern and inviting space ready for business. Endless Possibilities: If operating a bar isn't your preference, the ground floor offers endless possibilities. Transform this space into a small spa, yoga studio, boutique, or any business venture you envision. This property combines commercial potential with steady rental income, making it a smart investment choice. Whether you're an entrepreneur looking to start a new venture or an investor seeking a reliable income stream, this property is a must-see. Don't miss out on this opportunity to own a versatile commercial space with substantial potential. Schedule a viewing today!
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Norwood Real Estate
The median home value in Norwood, NY is $125,200. This is higher than the county median home value of $124,600. The national median home value is $338,100. The average price of homes sold in Norwood, NY is $125,200. Approximately 67.02% of Norwood homes are owned, compared to 22.6% rented, while 10.38% are vacant. Norwood real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Norwood real estate agent to arrange a tour today!
Norwood, New York has a population of 1,530. Norwood is less family-centric than the surrounding county with 26.91% of the households containing married families with children. The county average for households married with children is 27.5%.
The median household income in Norwood, New York is $69,091. The median household income for the surrounding county is $54,351 compared to the national median of $69,021. The median age of people living in Norwood is 52.8 years.
Norwood Weather
The average high temperature in July is 79.5 degrees, with an average low temperature in January of 5.8 degrees. The average rainfall is approximately 37.1 inches per year, with 69 inches of snow per year.