For Sale
$129,000

105 Miller St Newark, NY 14513

High-return office & apartment

Overview

Added:
Feb 3
Days on market:
74
This exceptional 2,370 square foot office building, situated on a 0.03-acre lot at 105 E Miller St in Newark, NY, presents a lucrative investment opportunity. The property boasts a recently renovated second-floor, two-bedroom apartment currently generating a monthly rental income of $1,200. This consistent cash flow significantly offsets operational expenses for the first-floor commercial space. Recent improvements include the installation of numerous new windows, a modern mini-split HVAC system, a recoated roof, and a complete electrical upgrade. The first floor offers versatile space, perfectly suited for a retail store or service-based business, allowing for flexible layout configurations to meet diverse operational needs. The building's prime location in Newark, NY, ensures high visibility and accessibility for potential customers and tenants. The combination of a stable rental income stream from the apartment and the potential for strong commercial lease income on the first floor makes this property an attractive investment with significant return potential. The recent renovations minimize immediate capital expenditure needs, allowing for a swift return on investment. This is a rare opportunity to acquire a well-maintained, income-producing property in a desirable location. The property is offered at $129,000.

Property Details for 105 Miller St

Property type
Office properties
Square Feet
2,370 SF
Year Built
1930
Lot Size (sq. ft)
1,307 SF

Location Insight

City
Newark
County
Wayne
State
New York
Latitude
43.0456
Longitude
-77.09473
105 Miller St, Newark, New York

FAQs

What type of property is this?
Office property - High-return office & apartment
Where is the office property located?
The property is located at 105 Miller St Newark, NY.
What is the asking price?
The asking price for this property is $129,000.
How can I contact the broker?
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105 Miller St
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