54 Webster Street, North Tonawanda, NY 14120

Property Description

Prime Prime investment opportunity in booming downtown North Tonawanda. Partnership breakup requires sale of partially developed building. The ground floor is fully occupied with solid commercial restaurant tenants and a NY State Government agency. The 2nd floor apartments are framed out but not complete. There is plenty of space in this building to add additional revenue. The NOI is based on actual rental income. A pro-forma would put this building well north of three million. The improvements to the property included: new electrical service, new plumbing services, many all new HVAC unites throughout, windows and extensive improvements to accommodate the existing tenants. These capital improvements are not reflected in the NOI. A must tour to understand the enormous upside this property offers. Additional Pictures, plans and drawings available