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$350,000 For Sale

242 Grant Avenue
Auburn, NY 13021



Commercial Listing: 2 Buildings / 7 units - MLS# S1175676
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Description

Property consists of two (2) separate buildings, situated on approx. 0.4 acres of land, with about 98 feet of frontage on Grant Avenue. Zoning is HC (Highway Commercial). Lot area is irregular and extends behind Monroe Muffler Shop. Property is almost across the road from Lowe's, and Wal-Mart Super Store.

FRONT BUILDING: Currently rented to LIG Computers (Larry Glauberman). He is renting both floors of the building, with his computer shop on the main floor, and a one-bedroom apartment on the second floor. Rent: $1,200 month, plus utilities. Estimated size of building is approx. 1,550 sq. ft.. One gas forced-air furnace for the building. An excellent retail location!

REAR BUILDING: Contains five (5) apartment units, plus utility/laundry room, with one coin-op washer and one dryer. Contains five separate gas hot water heaters for the apartments (all separate utilities, except hot water), as well as one single, 75-gallon, gas hot water tank for all apartments. All appliances are included in this building, for the (5) units. Mostly vinyl siding.

APARTMENTS: It should be noted that some tenants have been in residence for an extended period of time (one over 20 years!), and rents have been kept very low. Most apartment have wall-to-wall carpeting.

There are no leases in either building. All tenants are month-to-month, although several have indicated they would like a longer-term lease, including the computer store.

Roofs on both buildings are asphalt shingled, and appear in good condition.

Features

  • Apt 1 / $450/mo + utilities: 1 bedrm, living rm, kitchen, bath, carpeted
  • Apt 2 / $600/mo + utilities: 2 bedrms, living rm, kitchen, bath. Vacant currently
  • Apt 3 / $475/mo. + utilities: 1 bedrm, living rm, kitchen, bath. Vacant currently
  • Apt 4 / $400/mo. + utilities: 1 bedrm, living rm, kitchen, bath
  • Apt 5 / $450/mo. + utilities: 1 bedrm, living rm, kitchen, bath
  • Zoning: HC
  • Sub Type: 2 Buildings / 7 units
  • Year Built: 1925

Courtesy of:

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Bouck Real Estate
32 E Genesee St.
Auburn, NY 13021
Phone: 315-252-7503
Fax: 315-252-7506 
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Testimonials

"Commercial real estate transactions are not simple affairs, whether an owner is leasing or selling a property. By it's nature, it can be a complex, time-consuming business. Bouck Real Estate has been involved in several of our transactions, both as a consultant, and as a real estate broker. Their assistance in both the leasing and sale of our properties has been absolutely invaluable. The depth of their knowledge and experience has, without doubt, been responsible for the successful completion of at least one of our transactions. I couldn't begin to thank them for their help, and would highly recommend them to anyone contemplating the need for almost any transaction, whether it was a retail business, or a home anywhere in Upstate New York." 
 
Ronald Coleman, Director
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32 E Genesee St. - Auburn, NY 13021
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