105 Miller St Newark, NY 14513-1524
This exceptional 2,370 square foot office building, situated on a 0.03-acre lot at 105 E Miller St in Newark, NY, presents a lucrative investment opportunity. The property boasts a recently renovated second-floor, two-bedroom apartment currently generating a monthly rental income of $1,200. This consistent cash flow significantly offsets operational expenses for the first-floor commercial space. Recent improvements include the installation of numerous new windows, a modern mini-split HVAC system, a recoated roof, and a complete electrical upgrade. The first floor offers versatile space, perfectly suited for a retail store or service-based business, allowing for flexible layout configurations to meet diverse operational needs. The building's prime location in Newark, NY, ensures high visibility and accessibility for potential customers and tenants. The combination of a stable rental income stream from the apartment and the potential for strong commercial lease income on the first floor makes this property an attractive investment with significant return potential. The recent renovations minimize immediate capital expenditure needs, allowing for a swift return on investment. This is a rare opportunity to acquire a well-maintained, income-producing property in a desirable location. The property is offered at $129,000.
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Blue Line Graphics & Design Marketing & Advertising Advertising Agency
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
B2 · Newark, NYNewark. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.