8701 Church Street, Somerset, NY 14012

$124,900
7,840
SqFt

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List Price
$124,900
Status
ACTIVE
MLS#
B1709721
Stories
1
Acres
0.62
Living Area
7,840
Subdivision
Holland Land Companys
Region
Barker
Neighborhood
Holland Land Companys

Property Description

7,840 SF COMMERCIAL PROPERTY | TWO BUILDINGS | INCOME + INDOOR STORAGE POTENTIAL One important point: I deliberately used “potential” for RV/boat storage rather than saying it can definitely be used that way. The existing MLS says commercial zoning but also identifies the property use as non-conforming/variance. Before advertising RV/boat storage as an approved use, I would verify that with the Village of Barker. Also, I would not put “the laundromat pays the taxes and upkeep” in MLS remarks unless you have financial records supporting that statement. A safer and still powerful statement is that it “provides an existing income stream to help offset ownership expenses.” The biggest missed opportunity in the expired listing, in my view, is that it was marketed like an old commercial building. I would reposition it as a flexible commercial property with multiple potential income streams. That is a much better investor story.

Additional Information

Taxes
$1,727
School District
Barker
Sewer
Public Sewer

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Calculator source: Real Geeks

Listing courtesy of eXp Realty. Contact: 716-622-1323