For Sale
$649,999

107 Division St Auburn, NY 13021

Established Bar, 6 Apartments, High Potential

Overview

Added:
Feb 3
Days on market:
78
This exceptional investment opportunity encompasses a thriving, historically significant bar established in 1933, situated in Auburn, NY at 107 N Division St. The 7,558 square foot property sits on a 0.28-acre lot and includes a fully operational bar with a loyal customer base and a ready-to-be-utilized kitchen equipped with fryers, an ice machine, a small cooktop, and a brand-new hood/ansul system. An attached pavilion, complete with four televisions, provides ample space for expanded food and beverage service. The property boasts abundant parking with a lot accommodating 25+ vehicles. Its prime location offers unique synergy potential with the nearby Doubleday baseball field, attracting significant foot traffic. Adding to the investment appeal are two multi-family homes on the same property, comprising six two-bedroom apartments currently generating $3,450 in monthly rent. Significant rental income increases are projected through market-rate adjustments, potentially adding over $1,000 monthly to the bottom line. This turnkey operation presents a rare chance to acquire a well-established business with substantial upside potential in a desirable location. The asking price is $649,999.

Property Details for 107 Division St

Property type
Commercial real estate
Square Feet
7,558 SF
Year Built
1930
Lot Size (sq. ft)
12,197 SF

Location Insight

City
Auburn
County
Cayuga
State
New York
Latitude
42.93909
Longitude
-76.58609

FAQs

What type of property is this?
Commercial real estate - Established Bar, 6 Apartments, High Potential
Where is the commercial real estate located?
The property is located at 107 Division St Auburn, NY.
What is the asking price?
The asking price for this property is $649,999.
How can I contact the broker?
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107 Division St
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