Share This Listing

Message

965 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the broker for more information about this property

301 Payne Ave 6,476 SF 100% Leased Flex Building North Tonawanda, NY 14120 $300,000 ($46.32/SF) 14.70% Cap Rate

Save this listing!

Favorite this listing to get notified of price updates, new media and more

EXECUTIVE SUMMARY

VR Pricing. Seller will consider offers between $300,000 and $450,000. ATTENTION INVESTORS: 10% CAP RATE!! FULLY OCCUPIED!! Completely remodeled building has two first floor commercial units and two second floor residential apartments. Each apartment includes two bedrooms, one full bathroom, kitchen, living room, and laundry room. Total rental income is $4500 per month and tenants are responsible for their individual gas and electric. Every unit was gutted to the studs and redone including but not limited to their insulation, electric, plumbing, drywall, kitchens, and flooring. Property management is in place that can transfer or cancel with the sale. This one's a "no brainer"! PRIVATE FINANCING AND OWNER HOLD OPTIONS AVAILABLE!

PROPERTY FACTS Under Contract

Price $300,000
Price Per SF $46.32
Sale Type Investment or Owner User
Cap Rate 14.70%
Property Type Flex
Property Subtype Showroom
Building Class C
Lot Size 0.08 AC
Rentable Building Area 6,476 SF
No. Stories 2
Year Built 1930
Opportunity Zone Yes
Zoning c2 - Commercial, Mixed-use
Walk Score®
Very Walkable (72)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
291200-182-079-0001-001-000
Land Assessment
$5,000
Improvements Assessment
$129,000
Total Assessment
$134,000
  • Listing ID: 32504108

  • Date on Market: 7/18/2024

  • Last Updated:

  • Address: 301 Payne Ave, North Tonawanda, NY 14120

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}