Unlock an exceptional investment opportunity with this unique mixed-use commercial property offering multiple established income streams under one ownership. Originally operating as a hotel, the property has been thoughtfully converted into income-producing apartments while retaining valuable commercial space, creating a diverse and resilient investment. The property features multiple rental apartments, an on-site restaurant, a laundromat, and a separate single-family home-each generating its own source of revenue. This combination of residential and commercial income provides excellent cash flow potential while reducing reliance on any single tenant or business. Whether you're an experienced investor looking to expand your portfolio or an entrepreneur seeking a property with built-in income and future upside, this versatile property offers endless possibilities. Continue operating it as it stands, explore redevelopment opportunities, or enhance the existing businesses to maximize returns. With multiple revenue streams already in place and room for future growth, this is a rare opportunity to own a truly diversified investment property.
Listing By
Agency Name: Move Real Estate
Agency Phone: 315-925-4288
Shown By
Agency Title: MJ Peterson Real Estate
Agency Phone: (716) 688-1234
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32 State Route 49, Unit 30 | MLS# S1694178
This commercial property located at 32 State Route 49, Unit 30, Cleveland, NY 13042 is currently listed for sale with an asking price of $450,000. State Route 49, Unit 30 is located within the Central Square school district. Search Cleveland real estate on www.mjpeterson.com today.