249 5Th St Oswego, NY 13126

This exceptional Oswego, NY mixed-use property presents a lucrative investment opportunity. Priced at $385,000, this 3,738 square foot building boasts a strong 8% cap rate and is currently 100% occupied. Situated on a 4,620 square foot lot at the corner of West Fifth and Erie Streets, it offers 14 off-street parking spaces plus street parking. The property includes a thriving, established hair salon (Strands & Essence), complete with all equipment, name, and signage, ready for immediate possession. The sale also includes two rental units. Apartment #1, a two-bedroom unit on the second floor, features an open floor plan, updated kitchen, and laundry. Apartment #2, also with a private entrance, is a two-story space currently used by the salon. Built in 1945, the building has undergone significant updates, including a new metal roof and hot water heater. The property is ideally suited for a savvy investor seeking a turnkey operation or an entrepreneur looking to expand their business. The current tenant's lease expires November 1, 2024. This prime location and strong cash flow make this a truly compelling investment.