Remarks

THIS IS AN INVESTMENT OPPORTUNITY TO OWN NEARLY AN ENTIRE VILLAGE BLOCK!! MUST BE SEEN TO BE APPRECIATED! This property which has views of the St. Regis River, at a 4-way stop (Main Street), across from a grocery store and rescue squad building and IS the center of the picturesque village 20 miles from the Canadian border was purchased by an investment group with a vision to revitalize downtown Brasher Falls, NY and that's exactly what they have done. Over the past 18 years they have seen their vision a reality by restoring, maintaining and newly constructing the three downtown buildings that are being offered for sale. They house 12 separate units, most occupied by stable long-term tenants; to include a hospital owned community health center (newly constructed in 2008, (10 year lease) and physical therapy practice (5 year lease), public library, US postal office (5 year lease), beauty salon, liquor store, chiropractor's office, Aikido studio, 2 residential apartments, professional office space, income bearing basement storage units and the locally beloved Crasper Hall which has endless possibilities with a stage and a legal occupancy of 194 people. Parking is no problem; there is a large rear parking lot to be included in the sale and plenty of street parking as well. Accessibility is not a problem, there are ADA approved front and back ramps as well as an elevator purchased and installed in 2008 when the community health center was constructed. Improvements include but are not limited to; restoration of the brick exterior (2021), membrane roofs were installed in 2020, most units have central air conditioning, and a water chlorination system was added in 2008 (a complete list of improvements can be provided upon request). The estimated annual gross income of this property is $134,000.00. It's your turn to own a mixture of historic downtown blended with modern amenities in beautiful Brasher Falls, NY. Qualified buyers are encouraged to schedule a tour today!! This listing is also sold as separate listings- see MLS#49342, 49343, 49418

Details

MLS#: 49338
Price: $795,000

Style: MULTI-FAMILY
Year Built: 1900

County: St Lawrence
Lot Size: 256 x varies

School District: Brasher Falls Central School District