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44-52 Webster ST North Tonawanda, NY 14120
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Key Details
Sold Price $900,000
Property Type Multi-Family
Sub Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 17,838 sqft
Price per Sqft $50
Subdivision Mile Reserve
MLS Listing ID B1580561
Sold Date 04/29/25
Bedrooms 9
Construction Status Existing
HOA Y/N No
Year Built 1900
Annual Tax Amount $10,166
Lot Size 4,948 Sqft
Acres 0.1136
Lot Dimensions 30X165
Property Sub-Type Commercial
Property Description
Don't miss out on this amazing investment opportunity! This unique property offers both commercial and residential income. Nestled in the revitalized NT downtown area. This highly sought after area is bustling w/ restaurants, shops, and the historic Riviera Theater. The property is two connected buildings holding 5 residential & 4 commercial units (all currently rented) with on-site parking. R1: This luxurious 3-bedroom, 2-bathroom residence boasts 2,200 sq ft of space, featuring 12' ceilings, a stunning primary suite w/ a jacuzzi, hardwood floors, a living room complete w/ a large wet bar perfect for entertaining. R2: A fully remodeled 3-bedroom, 2-bathroom unit w/ an open-concept layout and 1,700 sq ft of modern living. R3: A charming 2-bedroom, 1-bathroom unit w/ two levels, offering a cozy yet spacious feel. R4: A 1-bedroom, 1-bathroom unit ideal for comfort and simplicity. R5: A studio unit designed for efficient, stylish living. C1: is presently a fully-equipped HVAC shop featuring a 14' high garage door, a dedicated office, two bonus rooms, ample storage with shelving, a bathroom, laundry room, & basement access, perfect for service-oriented operations. There is also a temp. controlled storage unit on the property. C 2 & 3: Are currently home to a tattoo shop undergoing renovations, boasting prominent storefront exposure w/ large display windows—ideal for attracting foot traffic. C4: A recently remodeled nail salon, shines with its modern interior & large picture windows that provide excellent visibility & natural light. All leases finish at the end of 2025 - Residential renters are family and friends so current rents are much lower than projected rents. The exterior of the building features an attractive brick front complemented by newly installed siding, with updated signage and modern lighting scheduled to be completed in one month. Excellent opportunity for entrepreneurs and established businesses alike. Don't miss your chance to invest in this thriving community hub! Sale includes 44, 46 & 52 Webster Street & reflects assessments and taxes combined for the 3 properties. Sq footage is reflective of all 3 properties as well. See also MLS# B1580520.
Location
State NY
County Niagara
Community Mile Reserve
Area North Tonawanda-City-291200
Rooms
Basement Full
Interior
Heating Gas, Forced Air
Cooling Central Air
Flooring Carpet, Hardwood, Laminate, Varies
Fireplace No
Appliance Gas Water Heater
Exterior
Exterior Feature Blacktop Driveway
Garage Spaces 1.0
Utilities Available Sewer Connected, Water Connected
Roof Type Asphalt
Garage Yes
Building
Lot Description Corner Lot, Rectangular
Story 2
Sewer Connected
Water Connected, Public
Level or Stories Two
Structure Type Brick,Wood Siding
Construction Status Existing
Schools
School District North Tonawanda
Others
Senior Community No
Tax ID 291200-185-037-0001-029-000
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Financing Cash
Special Listing Condition Standard
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Bought with HUNT Real Estate Corporation