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142 W 2nd St 5,610 SF 100% Leased Retail Building Oswego, NY 13126 $599,000 ($106.77/SF) 6.65% Cap Rate

INVESTMENT HIGHLIGHTS
- Downtown location 2 blocks from Bridge St
- Residential rents are low, could be twice as much
EXECUTIVE SUMMARY
This prime downtown mixed-use property offers stable income and appreciation potential in the heart of Oswego's vibrant commercial district. The 6,600 SF building features seven well-maintained units: three ground-floor commercial spaces and four one-bedroom upstairs residential apartments, with strong occupancy and tenant-paid utilities minimizing owner expenses. All units have separate utilities, forced air and central air. Situated on West Second Street, the property sits steps from the Oswego Cinema 7 (at 138 W 2nd St), boutique shops, restaurants, and the scenic Oswego River waterfront. Oswego's historic port city charm, proximity to Lake Ontario, SUNY Oswego campus influence, and ongoing downtown revitalization drive foot traffic and rental demand. This turnkey investment suits owner-users or passive investors seeking reliable returns with great appreciation!
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Building Size
5,610 SF
Building Class
C
Year Built
1990
Price
$599,000
Price Per SF
$106.77
Cap Rate
6.65%
NOI
$39,834
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Zoning
TD - 482 - Mixed Use...
Frontage
33’ on W 2nd St
AMENITIES
- Air Conditioning
Walk Score®
Walker's Paradise (90)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 351200-128-054-0006-005-000-0000 | Total Assessment | $300,000 (2024) |
| Land Assessment | $80,000 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $220,000 (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
351200-128-054-0006-005-000-0000
Land Assessment
$80,000 (2024)
Improvements Assessment
$220,000 (2024)
Total Assessment
$300,000 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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142 W 2nd St
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