SQUARE FEET5,880
MLS#S1651369
STATUSPending
PROPERTY TYPECommercial - Business
SCHOOLRichfield Springs
Property Description
An outstanding opportunity for investors seeking both immediate income and future development potential. This offering includes two separate parcels: a fully rented five-unit building and an adjoining vacant lot, providing flexibility for expansion, added parking, or long-term appreciation. The building features a desirable mix of units: Two 1-bedroom apartments Three 2-bedroom apartments Well-maintained and consistently leased, the property delivers strong, reliable cash flow. The additional lot opens the door to further value creation-whether you explore new construction, green space, or extended tenant amenities. Located in a convenient and high-demand area, this package is ideal for both seasoned investors and those looking to strategically grow their portfolio.
Property Features
Property Type: Commercial - Business
Basement: Full
Heating: Electric, Gas, Baseboard, Hot Water
Lot Size: 0.08 Acres
Roof Type: Shingle
Stories: 2.0
Taxes: $2,810
Year Built: 1950
Feature Descriptions
Days on Site: 107
Exterior: Block, Wood Siding
Lot: Irregular Lot
Lot Dimensions: 43X0
Parcel#: 365601-025-005-0001-030-000-0000
Sewer: Public Sewer
Utilities: Sewer Connected, Water Connected
Water: Public
Local Schools
School District: Richfield Springs
Listed By / Shown By
Listing By
Agency Name: Coldwell Banker Faith Properties Il
Agency Phone: 315-574-2260
Shown By
Agent Name: Pattie A Smith
Agent Phone: (716) 867-9521
Agency Title: MJ Peterson Real Estate
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8 Lake Street | MLS# S1651369
This commercial property located at 8 Lake Street, Richfield, NY 13439 is currently listed for sale with an asking price of $120,000. Lake Street is located within the Richfield Springs school district. Search Richfield real estate on www.pattiesmith.com today.