36 Oswego ST Baldwinsville, NY 13027
19,290 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 19,290 sqft
Price per Sqft $77
MLS Listing ID S1713750
Construction Status Existing
HOA Y/N No
Year Built 1910
Annual Tax Amount $11,902
Lot Size 6,146 Sqft
Acres 0.1411
Lot Dimensions 59X104
Property Sub-Type Office
Property Description
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.
Location
State NY
County Onondaga
Area Baldwinsville Village-Lysander-313601
Zoning GB
Rooms
Basement Full
Interior
Heating Gas, Forced Air, Multiple Heating Units
Flooring Hardwood, Varies, Carpet
Inclusions Building Only, Inventory
Fireplace No
Exterior
Utilities Available Electricity Connected, Water Connected
Roof Type Flat
Handicap Access Accessible Elevator Installed, Accessible Entrance
Total Parking Spaces 100
Building
Lot Description Rectangular, Rectangular Lot
Building Description Other, Elevator(s),Office,Phone System
Story 3
Water Public
Structure Type Other
Construction Status Existing
Schools
School District Baldwinsville
Others
Tax ID 313601-009-000-0001-015-001-0000
Security Features Fire Sprinkler System,Intercom,Security Service
Acceptable Financing Cash, Owner Will Carry
Listing Terms Cash, Owner Will Carry
Special Listing Condition Standard
Virtual Tour https://www.propertypanorama.com/instaview/syr/S1713750