For Sale
$199,900

43 Batavia City Ctr Batavia, NY 14020

Mixed-use medical office building, great investment

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional investment opportunity presents a two-unit, 3,691 square foot mixed-use building located in Batavia City Center, New York (14020). The property, built in 1978 and renovated in 2022, features a medical office (Unit A) and a storefront restaurant (Unit B) currently under a long-term lease. Unit A, spanning 2421 square feet, boasts three offices, seven additional rooms, a spacious waiting area, a multi-functional reception area, two interior City Centre entrances, a break room, attic storage, and two bathrooms. New carpeting and paint were installed in 2022, and an exterior generator hookup is available. Unit B offers excellent street exposure with direct parking lot access. The property includes 20 parking spaces and a six-year-old roof. A solar panel system helps reduce electricity costs. The seller is currently separating the units (survey complete), and seller financing may be available. Unit B's tenant contributes $1,050 in monthly rent plus $325 for electricity and 34% of property taxes (gas and water billed separately). The annual mall rent of $7,794 is currently paid by the seller but will be adjusted upon unit separation. The asking price is $199,900. Office contents in Unit A are negotiable. The property is zoned commercial and sits on a double unit parcel undergoing common area renovations. Lease terms are NNN, with a two-year lease commencing January 1, 2025, and expiring January 1, 2027. The building is two stories, and the property is currently vacant.

Highlights

  • Unit B tenant pays $1,375/month in NNN expenses (electric & pro-rata property taxes).
  • Individual electric meters will be installed upon unit separation.
  • Seller pays annual mall rent of $7,794.
  • Office furniture in Unit A is available for separate negotiation.

Property Details for 43 Batavia City Ctr

Property type
Office properties, Medical offices
Square Feet
3,691 SF
Year Built/Renovated
1978/2022
Buildings
1
Stories
2
Units
2

Location Insight

City
Batavia
County
Genesee
State
New York
Latitude
42.9983394
Longitude
-78.1838741

FAQs

What type of property is this?
Office property - Mixed-use medical office building, great investment
Where is the office property located?
The property is located at 43 Batavia City Ctr Batavia, NY.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Unit B tenant pays $1,375/month in NNN expenses (electric & pro-rata property taxes).; Individual electric meters will be installed upon unit separation.; Seller pays annual mall rent of $7,794.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
43 Batavia City Ctr
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message