36 Oswego Street, Lysander, NY 13027

Property Description

WELCOME TO 36 OSWEGO STREET, A 14,310-SQUARE-FOOT THREE-STORY COMMERCIAL PROPERTY IN BALDWINSVILLE'S PROMINENT FOUR CORNERS DISTRICT!! THIS FORMER MASONIC TEMPLE OFFERS EXCEPTIONAL VISIBILITY, HISTORIC CHARACTER, ESTABLISHED INCOME, AND SIGNIFICANT RECENT IMPROVEMENTS!! AVAILABLE FOR SALE OR UNITS ARE AVIALABLE FOR LEASE!! THE PROPERTY HAS RECEIVED SUBSTANTIAL INVESTMENT, INCLUDING OVER $100,000 IN EXTERIOR STOREFRONT RENOVATIONS WITH NEW DOUBLE-PANE WINTECH WINDOWS, AN ADDITIONAL $100,000 INVESTMENT IN THE PASSENGER ELEVATOR, AND WELL OVER $100,000 IN INTERIOR RENOVATIONS TO THE SECOND AS WELL AS THIRD FLOORS. IMPROVEMENTS INCLUDE A NEW ROOF, NEW HVAC SYSTEMS, LED LIGHTING, COMMERCIAL-GRADE CARPET, FULLY REMODELED SECOND- AND THIRD-FLOOR TILE BATHROOMS, NEW DOORS, ELECTRIC, SHEETROCK, UPDATED COMMON AREAS, WET SPRINKLER SYSTEM, NEW SECURITY GATE, NEW REAR HANDICAP ENTRY AND MUCH MORE!! THE MASSIVE 4400 SQFT VACANT FIRST-FLOOR UNIT (WITH BANK VAULT) PROVIDES SIGNIFICANT OPPORTUNITY FOR AN OWNER OR TENANT, WHILE THE UPPER FLOORS OFFER FLEXIBLE MIXED USE COMMERCIAL SPACE BOTH LEASED AND VACANT. THE SECOND FLOOR CONSISTS OF 8 OFFICE STYLE UNITS, 2 CONFERENCE ROOMS, UPDATED KITCHEN, UPDATED BATHROOMS AND COMMON AREA. THE THIRD FLOOR FEATURES AN APPROXIMATELY 2400-SQUARE-FOOT VENUE-READY SPACE WITH 24-FOOT CEILINGS, REFINISHED HARDWOOD FLOORS, NEW BATHROOMS AND AN ADDITIONAL 560 SQFT OFFICE AVAILABLE FOR LEASE. THE PROPERTY GENERATED APPROXIMATELY $160,000 IN GROSS INCOME OVER THE PAST 12 MONTHS. AT THE $1,499,900 ASKING PRICE, THE PROPERTY PROVIDED APPROXIMATELY A 10.67% GROSS-INCOME YIELD, BEFORE OPERATING EXPENSES. VILLAGE MAINTAINED SIDEWALKS AND MUNICIPAL PARKING KEEPS EXPENSES LOW!! A UNIQUE INVESTMENT WITH MAJOR CAPITAL IMPROVEMENTS, STRONG DOWNTOWN VISIBILITY, ESTABLISHED INCOME, AND SIGNIFICANT ADDITIONAL POTENTIAL FROM THE VACANT UNITS. OWNER FINANCING WITH 50% DOWN AND OWNER HOLDING 1ST.