105 Miller St Newark, NY 14513-1524

Property Details for 105 Miller St

Year built

1960

Lot size

0.03 lot acres

Property size

2,370 SF

Zone code

B2

Property type

Investment properties

Property subtype

Live-work space

APN

542001 68111-18-359012

APU

5420016811118359012

Description

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.

Location Insight

City

Newark

County

Wayne

State

New York

Longitude

-77.0947

Latitude

43.0456

CBSA code

40380

CBSA name

ROCHESTER, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments