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358 Broad St
Waverly, NY 14892
Retail Property For Sale
Executive Summary
This fully renovated mixed-use investment is located in the heart of downtown Waverly, New York. The property consists of:
Three residential apartments
One fully leased Mexican restaurant
One owner-operated antique store
Opportunity to convert additional second-floor space into apartments (subject to approvals)
Approximately $1 million invested through a downtown revitalization project
The sale includes Teaoga Development LLC, with the associated corporate entity transferring to the purchaser, creating additional value and potential opportunities related to the property's ownership structure.
Three residential apartments
One fully leased Mexican restaurant
One owner-operated antique store
Opportunity to convert additional second-floor space into apartments (subject to approvals)
Approximately $1 million invested through a downtown revitalization project
The sale includes Teaoga Development LLC, with the associated corporate entity transferring to the purchaser, creating additional value and potential opportunities related to the property's ownership structure.
Property Facts
Sale Type
Investment
Sale Condition
Building in Shell Condition
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
11,400 SF
Building Class
C
Year Built/Renovated
1905/2022
Price
$1,936,348 CAD
Price Per SF
$169.86 CAD
Cap Rate
7.13%
NOI
$138,011 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.92
Lot Size
0.09 AC
Zoning
Commercial - Commercial
Parking
12 Spaces (1.05 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 492001-166-019-0005-030-000-0000 | Improvements Assessment | $82,680 CAD |
| Land Assessment | $10,197 CAD | Total Assessment | $92,877 CAD |
Property Taxes
Parcel Number
492001-166-019-0005-030-000-0000
Land Assessment
$10,197 CAD
Improvements Assessment
$82,680 CAD
Total Assessment
$92,877 CAD
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