36 Oswego StreetLysander, NY 13027

Description

WELCOME TO 36 OSWEGO STREET, A 14,310-SQUARE-FOOT THREE-STORY COMMERCIAL PROPERTY IN BALDWINSVILLE'S PROMINENT FOUR CORNERS DISTRICT!! THIS FORMER MASONIC TEMPLE OFFERS EXCEPTIONAL VISIBILITY, HISTORIC CHARACTER, ESTABLISHED INCOME, AND SIGNIFICANT RECENT IMPROVEMENTS!! AVAILABLE FOR SALE OR UNITS ARE AVIALABLE FOR LEASE!! THE PROPERTY HAS RECEIVED SUBSTANTIAL INVESTMENT, INCLUDING OVER $100,000 IN EXTERIOR STOREFRONT RENOVATIONS WITH NEW DOUBLE-PANE WINTECH WINDOWS, AN ADDITIONAL $100,000 INVESTMENT IN THE PASSENGER ELEVATOR, AND WELL OVER $100,000 IN INTERIOR RENOVATIONS TO THE SECOND AS WELL AS THIRD FLOORS. IMPROVEMENTS INCLUDE A NEW ROOF, NEW HVAC SYSTEMS, LED LIGHTING, COMMERCIAL-GRADE CARPET, FULLY REMODELED SECOND- AND THIRD-FLOOR TILE BATHROOMS, NEW DOORS, ELECTRIC, SHEETROCK, UPDATED COMMON AREAS, WET SPRINKLER SYSTEM, NEW SECURITY GATE, NEW REAR HANDICAP ENTRY AND MUCH MORE!! THE MASSIVE 4400 SQFT VACANT FIRST-FLOOR UNIT (WITH BANK VAULT) PROVIDES SIGNIFICANT OPPORTUNITY FOR AN OWNER OR TENANT, WHILE THE UPPER FLOORS OFFER FLEXIBLE MIXED USE COMMERCIAL SPACE BOTH LEASED AND VACANT. THE SECOND FLOOR CONSISTS OF 8 OFFICE STYLE UNITS, 2 CONFERENCE ROOMS, UPDATED KITCHEN, UPDATED BATHROOMS AND COMMON AREA. THE THIRD FLOOR FEATURES AN APPROXIMATELY 2400-SQUARE-FOOT VENUE-READY SPACE WITH 24-FOOT CEILINGS, REFINISHED HARDWOOD FLOORS, NEW BATHROOMS AND AN ADDITIONAL 560 SQFT OFFICE AVAILABLE FOR LEASE. THE PROPERTY GENERATED APPROXIMATELY $160,000 IN GROSS INCOME OVER THE PAST 12 MONTHS. AT THE $1,499,900 ASKING PRICE, THE PROPERTY PROVIDED APPROXIMATELY A 10.67% GROSS-INCOME YIELD, BEFORE OPERATING EXPENSES. VILLAGE MAINTAINED SIDEWALKS AND MUNICIPAL PARKING KEEPS EXPENSES LOW!! A UNIQUE INVESTMENT WITH MAJOR CAPITAL IMPROVEMENTS, STRONG DOWNTOWN VISIBILITY, ESTABLISHED INCOME, AND SIGNIFICANT ADDITIONAL POTENTIAL FROM THE VACANT UNITS. OWNER FINANCING WITH 50% DOWN AND OWNER HOLDING 1ST.

Property Information

Property type

Commercial Sale

Sub-type

Office

Year built

1910

Stories

3

Living area

19,290 Sq Ft

Lot size

0.14 acres

Lot dimensions

59X104

Parking spaces

100

Zoning

GB

Days on market

36

MLS^® Listing#

S1713750

Property Features

Interior

Elevator

Heating

Natural Gas · Forced Air

Flooring

Hardwood · Varies · Carpet

Basement

Full

Parking

Other · See Remarks

Lot features

Rectangular Lot

Construction

Other

Roof

Flat

Security

Fire Sprinkler System · Security Service

Utilities

Electricity Connected · Water Connected

Water source

Public

Financial Details

Annual taxes

$11,902

Assessed value

$300,000

Parcel number

313601-009-000-0001-015-001-0000