Description
Multiuse building in the heart of downtown Schenectady! First floor is currently being rented to a restaurant. Second floor is completely gutted and has plans drawn up for four luxury apartment units. Plans included in the sale. Upstairs could also be leased out to another commerical tenant. Restaurant has undergone improvements including new flooring, new AC and heating units, new hot water tank, electrical work, and a complete face lift. With the addition of new apartments upstairs, cap rate is 8%. Great cash flow! Don't miss out on this amazing opportunity to own a piece of downtown Schenectady! Agent is owner.The restaurant is for sale separately- asking price $100,000.
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0BEDS
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0.12ACRES
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0BATHS
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01/2 BATHS
Description
Multiuse building in the heart of downtown Schenectady! First floor is currently being rented to a restaurant. Second floor is completely gutted and has plans drawn up for four luxury apartment units. Plans included in the sale. Upstairs could also be leased out to another commerical tenant. Restaurant has undergone improvements including new flooring, new AC and heating units, new hot water tank, electrical work, and a complete face lift. With the addition of new apartments upstairs, cap rate is 8%. Great cash flow! Don't miss out on this amazing opportunity to own a piece of downtown Schenectady! Agent is owner.The restaurant is for sale separately- asking price $100,000.
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