101 Main Street, Phelps, NY 14532

$324,900
: 4
BD
: 3
BA
: 8,298
SqFt

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List Price: $324,900
Status: ACTIVE
MLS#: R1694332
Year Built: 1839
Stories: 2
Bedrooms: 4
Bathrooms: 3
Acres: 0.06
Living Area: 8,298
Region: Phelps

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Property Description

Also listed as R1694330. Presenting a rare opportunity to acquire a distinguished and highly sought-after “PRIME” piece of real estate, renowned within the community and boasting a loyal clientele built over 60 years. This prime property, situated in a high-traffic area, promises a lucrative investment with substantial potential for continued success. The building encompasses 8,298 sq. ft. and features: Versatile Retail Spaces: 2 or 3 ground-floor retail spaces ideal for a variety of uses including a store front, hair salon, restaurant, or event space with expansive front windows, ensuring maximum visibility and appeal. Residential Units: 3 spacious upper-level apartments, each offering comfort and convenience with the added benefit of an open deck at the rear. Looking to start a business? Let the rental income from the apartments help cover your business space costs, making this an even more attractive investment. Upgrades include a new rubber roof installed in 2015 & new back stairs, ensuring durability and long-term value. Seize this exceptional opportunity to own a landmark property with a storied legacy and significant future potential.

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