Mixed use building just off Main Street with two income generating residential units upstairs, each consisting of 5 rooms/2 bd/1bath and a commercial space at the street level. Residential units are Tenants -at-Will and are currently fetching $3700 gross income. The commercial space is a fully equipped restaurant, is handicap accessible, and includes 2 patron restrooms, as well as a third half bath for employee's use. There's a great outside patio area and plenty of freezer storage in the basement. A savvy investor will do quite well to put this downtown business space back into good use. All units are separately heated with newer systems and are equipped with their own electric panel. This building's roof was replaced over the past 3 years. Full sprinkler system is in place. Proof of funds are REQUIRED prior to scheduling a full tour of this property. **See for additional photos of restaurant space MLS Listing #73183156
Sale Statistics
Sale Overview
Original List Price:$999,000
Final Sale Price:$865,000
Difference:
$134,000 (-13.4%)
Performance Metrics
86.6%
List to Sale Ratio
Sold below asking price
174
Days on Market
Extended listing
Price per Square Foot Analysis
Original $/sq ft:$285
Sale $/sq ft:$247
This property sold for $247 per square foot
Sale Summary
This property sold for 13.4% below the original asking price.
At 174 days on market, this property took longer than average to sell.
Facts & Features
Property Overview
Property Type
3 Family - 3 Units Up/Down
Property Category
Residential Income
Year Built
1880
Bedrooms
4
Full Bathrooms
2
Half Bathrooms
3
Living Area
3,500 sq ft
Total Rooms
12
Stories
3
Levels
3
Interior Features
Heating
Baseboard, Individual, Unit Control, Natural Gas
Has Heating
Yes
Cooling
Central Air
Has Cooling
Yes
Has Fireplace
No
Appliances
Range, Dishwasher, Disposal, Refrigerator, Range Hood
Interior Features
Living Room, Dining Room, Kitchen
Basement Details
Full, Interior Entry, Bulkhead
Window Features
Box/Bay/Bow Window(s)
Accessibility Features
Accessible Entrance
Exterior & Structure
Roof
Shingle, Rubber
Foundation
Stone
Patio/Porch Features
Patio
Has Spa
No
Waterfront Features
Lake/Pond, Walk to, 1/2 to 1 Mile To Beach
Waterfront Property
No
Lot & Land
Lot Size
0.08 acres
Lot Size
3,537 sq ft
Lot Size Area
0.0800
Lot Features
Level
Road Frontage Type
Public
Parking & Garage
Has Garage
No
Total Non-Garage Parking Spaces
2
Parking Features
Paved Drive, Off Street, Driveway, Other
Utilities & Systems
Water Source
Public
Sewer
Public Sewer
Community & HOA
Community Features
Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, Private School, Public School, T-Station
Senior Community
No
Financial & Tax Information
Annual Tax Amount
$11,269
Tax Year
2024
Tax Assessed Value
$1,001,700
Parcel Number
M:000017 B:0076 P:000142,818409
Zoning
B
Financial Data Source
Owner, Projected
Additional Details
Year Built Source
Public Records
Year Built Details
Renovated Since
Disclosures
$87000 is potential annual income. Listing agent has ownership interest.
