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


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 | Building Class | C |
| Price Per SF | $46.32 | Lot Size | 0.08 AC |
| Sale Type | Investment or Owner User | Rentable Building Area | 6,476 SF |
| Cap Rate | 14.70% | No. Stories | 2 |
| Property Type | Flex | Year Built | 1930 |
| Property Subtype | Showroom | Opportunity Zone |
Yes
|
| Zoning | c2 - Commercial, Mixed-use | ||
| 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 |
1 1
Walk Score®
Very Walkable (72)
PROPERTY TAXES
| Parcel Number | 291200-182-079-0001-001-000 | Improvements Assessment | $129,000 |
| Land Assessment | $5,000 | Total Assessment | $134,000 |
PROPERTY TAXES
Parcel Number
291200-182-079-0001-001-000
Land Assessment
$5,000
Improvements Assessment
$129,000
Total Assessment
$134,000
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301 Payne Ave
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