4 Lake Ave, Home with 0 bedrooms, 0 bathrooms and 15 parking in Rochester NY | Image 1

$300,000

4 Lake Ave, Rochester, NY

Name: 4 Lake Ave, For Sale in Rochester - eXp Commercial Brokerage
Brand: Howard Hanna
SKU: R1633658
Price: 300000 CAD

Real Estate

For Sale

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Key Facts
Description
Map

Key Facts

Type

Levels Commercial Sale

Size 17389 sqft

Garage No

Maintenance Fees

Taxes $14,363

Days Active 0

Approx. Age 1970

Avg. Price Per Sqft $17

MLS® Number R1633658

Property Address:

Average square foot calculated using Size range provided by listing agent.

Description

Here is almost a million dollar portfolio upon TLC and putting into prudent use of every space available. It is a mixed use property with 15 car parking spots, one docking area with functional fork lift system for loading/unloading merchandises at the front and a large unfinished basement with a conveyor belt running from first floor to navigate merchandise to and from basement. The two central ACs that are on the roof top are only for the GROCERY UNIT. The seller will vacate any and all existing business in the property before closing. So, no tenant will be in the property by closing day! The MAIN UNIT is the large grocery store at the Smith Street side and can collect a projected rent of $3000 per month. This unit has extra rooms with bathroom that can be used as living quarters/storage/etc. And can be rented for $1000 per month. The other main unit is the RESIDENTIAL UNITS at the 2nd floor comprising of five one-bedroom apartments with their own kitchen/bathroom/living room/furnaces. Each apartment is projected to collect $750 per month upon some cosmetic repairs. The 3RD UNIT comprises of two additional spaces at the first floor with entrance from the Lake Avenue side. These can be used for any small scale service business/garment store/jewelry store/etc. And can fetch $1000 each space upon some cosmetic repairs. The current chief issue is the roof leakage and subsequent few damages due to it. The seller is selling the land and building only on "as is" conditions. The seller will leave both the large coolers that are outside the grocery unit, some coolers/fish-meat storage shelves inside the grocery unit and all refrigerators and stoves in the residential units. All these personal properties are also sold on "as is" conditions. All other display racks and all the coolers on the south side of the grocery store will not remain. SO, SPEND SOME SWEAT EQUITY, PUT THE SPACES INTO PROMISING USE AND EARN A GROSS PROJECTED INCOME OF OVER $100, 000 ANNUALY.Show Description

MLS® NumberR1633658

Locker

Ensuite LaundryNo

Balcony

Furnished

Laundry Level

Exposure

Exterior

GarageNo

Approx. Age1970

Stories2

Pets

Corp Number

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

HeatGas, Baseboard, Forced Air

A/CCentral Air

Heating Fuel

Extras

Land and Building

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