For Sale
$484,999

24 Main StMarcellus, NY 13108

High-Yield, Fully Leased Commercial Property

Overview

Added:
Feb 3
Days on market:
63
This exceptional mixed-use property located at 24 W Main St, Marcellus, NY presents a rare investment opportunity. The 10,966 square foot building sits on a 0.38-acre lot and offers a compelling blend of commercial and residential income streams. The ground floor features two fully leased storefronts, generating substantial rental income. Upstairs, three apartments provide additional revenue. Recent, extensive renovations have significantly enhanced the property's value and appeal. These improvements include complete bathroom gut rebuilds in all three apartments, updated kitchens, new flooring throughout, fresh exterior paint, a newly paved driveway, upgraded insulation, and the installation of a new, separate electrical service for each apartment. Furthermore, some of the building's boilers have been replaced. The property boasts ample on-site parking, a significant advantage in this vibrant village setting. Currently fully leased, the property generates a gross monthly income of just under $6,000, offering a strong return on investment. This turnkey operation requires minimal management and presents a stable, high-yield opportunity for discerning investors seeking a well-maintained, income-producing asset in a desirable location. The combination of commercial and residential income streams provides diversification and resilience in a dynamic market. Don't miss this chance to acquire a prime mixed-use property in the heart of Marcellus.

Property Details for 24 Main St

Property type
Mixed-use properties
Square Feet
10,966 SF
Year Built
1890
Lot Size (sq. ft)
16,553 SF

Location Insight

City
Marcellus
County
Onondaga
State
New York
Latitude
42.98261
Longitude
-76.3409
24 Main St, Marcellus, New York

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24 Main St
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