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- LoopNet Team
8934 N Seneca St
Weedsport, NY 13166
Weedsport Investment Block - Leased · Retail Property For Sale
Investment Highlights
- Multi Tenant Property
- Indoor Parking
- redevelopment opportunity
- Income Producing
PROPERTY FACTS
Amenities
- Property Manager on Site
- Air Conditioning
About 8934 N Seneca St , Weedsport, NY 13166
Three buildings listed together as one package; "Buy the Block". This collection includes: -8936 N Seneca Street, also 8934 N Seneca Street, and 8930 N Seneca Street, Weedsport, NY. These three adjacent buildings comprise over 57,000 square feet of leased commercial and residential space on the main street in Weedsport. While these buildings net roughly $57,000 currently, there is tremendous potential to more than double this income by redeveloping one or more spaces into residential or commercial uses. 8936 N Seneca is simply amazing, has a storied history as a manufacturing hub from back in the 1800's. Spectacular 38,000 sq.ft. Building, perfect conversion to apartments and mixed use. 3 floors and full walk out basement, Elevator, two lots, and easement for adjacent parking. This building is AMAZING, and currently is home to a huge Antique business, the Purple Monkey - who will remain and pay rent. All brick and beam construction, an elevator that services all 4 floors, amazing views, amazing hardwood floors throughout, indoor parking, open floorplan, great layout, most has been lovingly restored with extensive renovations everywhere. Seller will do a 12-month sale-leaseback on this entire property, or can turn it over in stages (3rd floor, 2nd floor, then entire building). Seller is negotiable on occupancy terms, but will stay and pay rent for a period to conclude their ongoing antique business. 8934 N Seneca is known as the “Mini Mall” of Weedsport. This multitenant commercial property consists of 12,700 sq.ft. and has several commercial and residential tenants. This building alone NET’s over $30,000, with room to do much more. Two apartments, fully rented, and several commercial suites comprise this property. 8930 N Seneca Street is a 6,500 sq.ft. commercial building that houses a machine shop. This parcel also has a generous parking lot that services all three buildings, and had egress on both E. Brutus Street, and N Seneca. Together, these three properties represent an immediate income stream, and tremendous upside potential. There is significant room to rent additional suites/spaces, and opportunity to redevelop the 38,000 sq.ft. into something awesome. Health and retirement forces sale. The seller has owned these properties for decades, however he simply ran out of time and must pass the opportunity to the next steward.
Links
PROPERTY TAXES
Parcel Number | 052201-083-005-0001-081-000-0000 | Improvements Assessment | $71,500 |
Land Assessment | $30,000 | Total Assessment | $101,500 |
PROPERTY TAXES
Learn More About Investing in Retail Properties
Listing ID: 14040767
Date on Market: 10/11/2018
Last Updated:
Address: 8934 N Seneca St, Weedsport, NY 13166
The Retail Property at 8934 N Seneca St, Weedsport, NY 13166 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.