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Matthew Mastrangelo

matt@elysiumx.us +1(856) 506-2722

$ 699,000

Est. payment | -/mo

3,341 SqFt

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$ 699,000

Est. payment | -/mo

Save Virtual Tour

3,341 SqFt

Key Details

Property Type Commercial

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 3,341 sqft

Price per Sqft $209

MLS Listing ID S1708917

Construction Status Existing

HOA Y/N No

Year Built 1930

Annual Tax Amount $6,737

Lot Size 3,049 Sqft

Acres 0.07

Lot Dimensions 34X77

Property Sub-Type Apartment

Property Description

A rare opportunity to own a well-known mixed-use property in the heart of the thriving Village of Manlius. This long-standing village bar offers excellent visibility along with three income-producing apartments, all currently occupied. The flexible first-floor layout gives the next owner the option to continue a bar operation or bring a new vision for another business or commercial use. Recent improvements include a roof approximately 2 years old and a first-floor furnace approximately 4 years old. Each apartment features electric heat and separate utilities. Adding to the property's one-of-a-kind character is the impressive mural spanning the exterior side of the building, creating a distinctive and recognizable presence in the Village. Bar equipment will convey in “as-is” condition. The pool table, darts, jukebox and ATM are leased equipment and currently generate approximately $1,000 per month in passive income. The bar space is presently rented to the owner's son and is therefore not an arm's-length rental arrangement, creating potential for substantially greater rental income at market rent. Whether continuing the established bar use, leasing the commercial space, introducing a new business concept, or taking advantage of the existing residential income, this remarkable Manlius property offers an exciting opportunity with character, visibility, flexibility and multiple potential income streams. Square footage based on the tax records for tavern and external apts total of 3341 sq ft (tavern@ 1508 sq ft & apts total 1833 sq ft). If buyer/prospect has interest in leasing the bar that may be a possibility. Owner has no operating expense, the bar tenant pays the building water bill & dumpster trash removal.

Location

State NY

County Onondaga

Area Manlius-Village-313803

Zoning C

Direction Fayette St to E Seneca St

Rooms

Basement Full

Interior

Heating Gas, Baseboard, Forced Air

Cooling Central Air

Flooring Carpet, Linoleum, Other, See Remarks, Vinyl

Inclusions Equipment, Land and Building

Fireplace No

Exterior

Utilities Available Sewer Connected

Roof Type Asphalt

Building

Lot Description Rectangular, Rectangular Lot

Story 3

Sewer Public Sewer

Structure Type Other,See Remarks

Construction Status Existing

Schools

High Schools Fayetteville-Manlius Senior High

School District Fayetteville-Manlius

Others

Tax ID 313803-025-000-0009-016-000-0000

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition Trust

Virtual Tour https://youtube.com/shorts/WNiV0zP7gNc?is=FvSrtcsdgdcc-fcY

Listed by Coldwell Banker Prime Prop,Inc 315-622-0161

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(856) 506-2722

matt@elysiumx.us

165 Passaic Ave, Ste 205, Fairfield, NJ 07004, USA

107 E Seneca ST Manlius, NY 13104

Matthew Mastrangelo

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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107 E Seneca ST