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Key Details
Property Type Multi-Family
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 10,503 sqft
Price per Sqft $47
Subdivision Mile Reserve
MLS Listing ID B1617424
Bedrooms 5
Construction Status Existing
HOA Y/N No
Year Built 1935
Annual Tax Amount $13,152
Lot Size 0.266 Acres
Acres 0.2661
Lot Dimensions 122X95
Property Sub-Type Other
Property Description
Seize the opportunity to own a versatile and income-generating property in a high-demand location. This well-positioned mixed-use asset offers:
Established Commercial Tenant: The ground-floor retail space is currently occupied by a long-standing, reputable business—providing immediate, stable income and reducing leasing risk for investors.
Five Residential Units: Thoughtfully designed apartments with contemporary finishes. Several units are currently leased, with strong rental demand offering excellent potential to achieve full occupancy.
Value-Add Upside: With room to optimize residential rents and lease remaining units, this property presents a compelling opportunity for increased cash flow and long-term equity growth.
Strategic Location: Located in a vibrant, transit-accessible area surrounded by retail, dining, and residential development—ideal for both commercial and residential tenants.
Diversified Income Streams: Benefit from a balanced mix of commercial and residential revenue, offering financial stability and resilience.
Fully Tenanted Commercial Space: The commercial unit is leased to a reliable, long-term tenant, making this an ideal hands-off investment with no need for owner occupancy or business setup.
Location
State NY
County Niagara
Community Mile Reserve
Area North Tonawanda-City-291200
Direction GPS to 510 Oliver St, North Tonawanda.
Rooms
Basement Full, Walk-Out Access
Interior
Heating Gas, Baseboard, Forced Air, Hot Water
Flooring Carpet, Hardwood, Laminate, Varies, Vinyl
Fireplace No
Appliance Electric Oven, Electric Range, Gas Water Heater, Refrigerator
Laundry Coin-operated
Exterior
Exterior Feature Blacktop Driveway
Community Features Laundry Facilities
Utilities Available Sewer Connected, Water Connected
Roof Type Asphalt,Shingle
Garage No
Building
Lot Description Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
Story 2
Sewer Connected
Water Connected, Public
Level or Stories Two
Structure Type Brick,Vinyl Siding
Construction Status Existing
Schools
School District North Tonawanda
Others
Senior Community No
Tax ID 291200-182-061-0002-036-000
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
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Grant Pettrone
Licensed Real Estate Broker, Founder | License ID: 10491209675
Licensed Real Estate Broker, Founder License ID: 10491209675