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    40 S Erie Street S

    Chautauqua, NY 14757
    • $375,000
    • STATUS: Active
    • ON SITE: 12 days
    • MLS #: R1342716
    UPDATED: 112 min ago
    $375,000
    • 0
      BEDS
    • 0.1
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,712
      SQFT
    • $43
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1901
    County:

    School Ratings & Info

    School District:

    Description

    SOLID Brick Commercial/Mixed use Investment in our County Seat of Mayville NY--**POSIBLE Short term OWNER FINANCING Available**--RITE AID PHARMACY occupies first floor of (+/- 4,000 sqft)..The current 5 yr renewal till Jan 2023 --with additional 5 year request to 2028..This location has been a drug store since the early 1900's-- and is the only in the locale..Seller operated independently until Leased..Two Large upper Apartments (One 2 br & one 1 br)--FRESHLY PAINTED and ready to rent (minor quick fixes)--Owner's health and Covid left them vacant--Seller receives continual inquiries..Cheap billings as Heat rises from Pharmacy..Front upper area was last Attorney offices but not rented since seller health decline..New rubber roof 6-8 yrs ago--Updated windows all--Front and rear access's--Full basement just empty open spans.. ***ALL ELECTRIC BUILDING** with reasonable Mayville Electric Service..Separate Electric Meters..Seller has paid water/sewer..Public parking on street or municipal lot..The Triple Net Lease is currently $30,806.04/YR with provision including Large Insurance coverage..Apartments last rented at $600/$400 (market rents increase since??)..SEIZE THE OPPORTUNITY.

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    ©2021 CNYIS, GENRIS, WNYREIS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor WEICHERT, REALTORS® - Thousand Islands Realty shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.

    The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of NYSAMLS’s. Real estate listings held by firms other than WEICHERT, REALTORS® - Thousand Islands Realty are marked with the IDX logo and detailed information about them includes the Listing Broker’s Firm Name. Data last updated: 2021-06-21T00:13:46.17.
    www.nnywaterfronthomes.com/homes/118014028
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    40 S Erie Street S Chautauqua, NY 14757

    • Price: $375,000
    • Status: Active
    • Updated: 112 min ago
    • MLS #: R1342716
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.1
    Acres
    8,712
    SQFT
    $43
    $/SQFT
    1901
    Built
    Neighborhood:
    Mayville-Village-062801
    County:
    Chautauqua
    Area:
    Mayville-Village-062801
    School District:
    Chautauqua Lake
    Property Description
    SOLID Brick Commercial/Mixed use Investment in our County Seat of Mayville NY--**POSIBLE Short term OWNER FINANCING Available**--RITE AID PHARMACY occupies first floor of (+/- 4,000 sqft)..The current 5 yr renewal till Jan 2023 --with additional 5 year request to 2028..This location has been a drug store since the early 1900's-- and is the only in the locale..Seller operated independently until Leased..Two Large upper Apartments (One 2 br & one 1 br)--FRESHLY PAINTED and ready to rent (minor quick fixes)--Owner's health and Covid left them vacant--Seller receives continual inquiries..Cheap billings as Heat rises from Pharmacy..Front upper area was last Attorney offices but not rented since seller health decline..New rubber roof 6-8 yrs ago--Updated windows all--Front and rear access's--Full basement just empty open spans.. ***ALL ELECTRIC BUILDING** with reasonable Mayville Electric Service..Separate Electric Meters..Seller has paid water/sewer..Public parking on street or municipal lot..The Triple Net Lease is currently $30,806.04/YR with provision including Large Insurance coverage..Apartments last rented at $600/$400 (market rents increase since??)..SEIZE THE OPPORTUNITY.
    Exterior Features

    Construction Materials Brick Lot Features Rectangular Parking Features CommonOff Site Parking Total 20 Roof MembraneRubber Waterfront YN No

    Interior Features

    Cooling OtherSee RemarksCentral Air Cooling YN Yes Fireplace YN No Fireplaces Total 0 Flooring OtherSee Remarks Heating ElectricOtherSee Remarks Heating YN Yes Levels Two

    Property Features

    Documents Available Lease Electric 220 Volts Inclusions Building Only Lease Considered YN No Listing Terms CashConventionalOwner Will CarryOtherSee Remarks Possession Close Of Escrow Possible Use OfficeOtherRetailSee Remarks Property Sub Type Business Special Listing Conditions Standard Tax Annual Amount 8160 Zoning Commercial Zoning Description Commercial

    Listing information © 2021 CNYIS, GENRIS, WNYREIS. Listing courtesy of Roger Penhollow of Real Estate Advantage.
    ©2021 CNYIS, GENRIS, WNYREIS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor WEICHERT, REALTORS® - Thousand Islands Realty shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.

    The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of NYSAMLS’s. Real estate listings held by firms other than WEICHERT, REALTORS® - Thousand Islands Realty are marked with the IDX logo and detailed information about them includes the Listing Broker’s Firm Name. Data last updated: 2021-06-21T00:13:46.17.
     
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    306 James Street
    Clayton NY, 13624