$460,000
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6,094 SqFt
SOLD DATE : 02/12/2025
Key Details
Sold Price $460,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 6,094 sqft
Price per Sqft $75
MLS Listing ID 328495
Sold Date 02/12/25
Maintenance Fees $2,893
HOA Y/N No
Year Built 1920
Annual Tax Amount $9,461
Lot Dimensions 32x103
Property Sub-Type Other
Property Description
This commercial real estate mixed use building is located within a Federal Opportunity Zone brimming with potential. With Endicott boasting a rich history as the birthplace of IBM and recent announcements of a Battery Manufacturer and Solar Manufacturer, the area's trajectory is clear. Moreover, a $160M research and development grant, alongside recognition as one of the 32 Technology hubs by the Biden Administration, underscores its promising future. Currently, 7 out of 8 apartments are rented and there is one vacant retail space. The other retail space will soon become home to a new 2000 sq ft coffee shop with a signed 7-year lease that includes incremental rent increases, presenting a stable income stream. With separate utilities and a strategic location, this investment promises not just returns, but a stake in Endicott's flourishing commercial market. Additional property information can be found on brokerage website: https://www.svninnovative.com/properties
Location
State NY
County Broome
Area Area 05
Zoning CBD
Direction From Main headed West turn right on Washing Ave. Property is on the left at the end of the road on the corner of Main and North
Interior
Heating Electric
Exterior
Utilities Available Electricity Available, Natural Gas Available
Roof Type Membrane
Present Use Multi-Family
Street Surface Asphalt
Building
Story 3
Sewer Public Sewer
Water Public
Level or Stories Three Or More
Structure Type Brick Veneer
Schools
School District Union Endicott
Others
Tax ID 034601-157-006-0007-020-000-0000
Financing Cash
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Bought with eXp REALTY