Property Details

Overview

1-3 Drake Avenue & 760-762 Main Street is a Mixed Use Property on Corner Lot, Situated in High Traffic Area- in Central/Prime location, Heavy Foot Traffic, Commuter/Shopper Friendly. 1-3 Drake Avenue and 760-762 Main Street, are 2 Stand Alone Buildings on a Single Lot/Deed. In total there are 3 commercial spaces that are currently leased and two 1 bedroom residential units, on month to month basis. 762 Main St (stand alone bldg) 100% re-done in 2013 with new legal use and Rubber Roof included. 760 Main had a New electric heat & AC pump unit installed in 2020, Main St. sidewalk redone in 2023, electrical upgrades and several cosmetic improvements. Zoning: NB/M & NB/B. Wonderful Investment or Development Opportunity, Good Income Producing Property, Gross Income $127, 500/year, Total Expenses $36, 373/year, Net Operating Income $91, 127/year. Some rents below market value. SELLER FINANCING AVAILABLE with 35% Minimum down Payment.