1160 Tonawanda
Sale Price: $750,000
Highlights
- With 24 rooms total and at 85% occupancy, current annual NET return is over $120,000.00
- Brand new sprinkler system- over a $100,000 investment significantly reducing annual insurance costs
- Low Taxes
- Mostly updated windows, on-site laundry, common restrooms, full dry basement, updated electric, newer sewer line (2017), large parking lot, and garage
- First Floor can be rebuilt as a tavern (previous use), or additional income-producing first-floor retail, or units/rooms.
- 19/24 rooms bring in over $500/m each with room rates up to $700/m
- Buy, hire management, or manage yourself and Take Home over 6-figures annually.
Space Details
- Building Size: 8,640 sqft
- Acres:
22.000