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Mixed-Use Investment in Downtown Oswego

156 W 2nd St, Oswego, NY 13126

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For Sale

$299,900

Turnkey mixed-use property with stable income in downtown Oswego.

Type:Commercial

Property size:

1,944 SF

Price / SF:

$154/SF

HighLights

Turnkey mixed‑use property in downtown Oswego, a vibrant lakeside community.
Street‑level commercial space occupied by a long‑established coffee shop (The Coffee Connection) with 30+ years of operation.
Fully occupied with multiple tenants, providing stable and diversified rental income.
High‑visibility location with strong pedestrian activity and low vacancy risk.
Proximity to SUNY Oswego (~7,000 enrollment), seasonal tourism, and port‑related commerce.
Studio apartment and additional commercial unit upstairs provide additional rental income.

We can help!

Listing Contact

Stephen Schmitt

Learn more

For Sale

$299,900

Turnkey mixed-use property with stable income in downtown Oswego.

Type:Commercial

Property size:

1,944 SF

Price / SF:

$154/SF

Added:: Apr 24, 2026
Days on Market:: 53
Last Refresh:: Apr 24 at 8:04 pm

Property Features for 156 W 2nd St

General Information

Standard status: Active
Size: 1,944 SF
Property subtype: Commercial

Building Details

Year Built: 1960

We can help!

Listing Contact

Stephen Schmitt

Listing agent Stephen Schmitt License ##10301221875

Listing office Hunt Commercial - Syracuse

Listing date Apr 24, 2026

Source Elliman

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Hunt Commercial - Syracuse

HighLights

Turnkey mixed‑use property in downtown Oswego, a vibrant lakeside community.
Street‑level commercial space occupied by a long‑established coffee shop (The Coffee Connection) with 30+ years of operation.
Fully occupied with multiple tenants, providing stable and diversified rental income.
High‑visibility location with strong pedestrian activity and low vacancy risk.
Proximity to SUNY Oswego (~7,000 enrollment), seasonal tourism, and port‑related commerce.
Studio apartment and additional commercial unit upstairs provide additional rental income.

Overview

This well-maintained mixed-use property is located in downtown Oswego, a lakeside community on Lake Ontario, and presents a turnkey investment opportunity. The building includes a street-level commercial space occupied by The Coffee Connection, Oswego's oldest independent coffee house, which has been operating for over 30 years. The coffee shop is a community favorite and benefits from SUNY Oswego students and faculty, as well as visitors to the area's historic district and waterfront attractions. Upstairs, a studio apartment and a commercial unit provide additional rental income, contributing to the property's full occupancy and reliable cash flow. The property has multiple tenants in place, which reduces vacancy risk. Oswego's downtown is benefiting from revitalization efforts, proximity to SUNY Oswego (enrollment ~7,000), seasonal tourism, and port-related commerce. The property is positioned for sustained demand and potential appreciation. It is ideal for passive investors seeking diversified income streams from retail and residential sources. The downstairs commercial space is 1,944 square feet. Current rents are $1500 for the downstairs commercial, $775 for the upstairs commercial, and $500 for the studio apartment, totaling $2775 per month. The bike score is 47, indicating it is somewhat bikeable, and the walk score is 51, indicating it is somewhat walkable.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$35.0k	$18.00
− Vacancy	−$1.5k	−$0.76
EGI	$33.5k	$17.24
− OpEx	−$8.4k	−$4.31
NOI	$25.1k	$12.93

1,944 SF · lease $18.00/SF/yr · vacancy 4.20% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$359.2K

$314.3K – $419.0K (±1% cap)

NOI $25,142 @ 7.0% cap · market cap 8.38%

Second Best

Mixed Use

$247.4K

$216.5K – $288.7K (±1% cap)

NOI $17,321 @ 7.0% cap · market cap 5.78%

Theoretical Best

Office A

$387.8K

$339.3K – $452.4K (±1% cap)

NOI $27,143 @ 7.0% cap · market cap 9.05%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

The Coffee Connection Cafe & Coffee Shop Wildflowers Skincare and Beauty ... Spa & Massage Center

Suggested Use

Location Insight

Map
Local Demand

City: Oswego
County: Oswego
State: New York
Longitude: -76.5121731
Latitude: 43.4553925

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For sale
Mixed-use properties
NY
Oswego
13126
156 W 2nd St

What type of property is this?

Mixed-use property - Turnkey mixed-use property with stable income in downtown Oswego.

Where is this mixed-use property located?

The property is located at 156 W 2nd St Oswego, NY.

What is the asking price?

The asking price for this property is $299,900.

What are key features of this property?

This property features: Turnkey mixed‑use property in downtown Oswego, a vibrant lakeside community.; Street‑level commercial space occupied by a long‑established coffee shop (The Coffee Connection) with 30+ years of operation.; Fully occupied with multiple tenants, providing stable and diversified rental income.