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Jason Dugo

jason@dugorealty.com +1(518) 205-9555

$ 1,450,000

Est. payment | -/mo

12,596 SqFt

Save

$ 1,450,000

Est. payment | -/mo

Save

12,596 SqFt

Key Details

Property Type Commercial

Sub Type Business

Listing Status Active

Purchase Type For Sale

Square Footage 12,596 sqft

Price per Sqft $115

MLS Listing ID R1661893

Construction Status Existing

HOA Y/N No

Year Built 1892

Annual Tax Amount $11,794

Lot Size 5,227 Sqft

Acres 0.12

Lot Dimensions 50X99

Property Sub-Type Business

Property Description

OPPORTUNITIES LIKE THIS DON'T COME OFTEN IN THE HEART OF WATKINS GLEN! Known to locals as the "House of Hong" building, this property is a staple of the downtown landscape. You can own a piece of Watkins Glen history with this well maintained, mixed-use powerhouse. Historically known as the “Watkins Hotel” and located just two blocks from Seneca Lake, this building offers a rare blend of historical charm and modern financial stability. The first floor features a well-established bar and restaurant with a long-term lease. The operator covers all utilities and utilizes the basement for ample storage. The second and third floors house 7 fully occupied, stylish apartments. Renovated within the last decade, these units offer tenants coin operated laundry and private outdoor seating. Landlord covers cable, Wi-Fi, trash, water and sewer, tenants pay their own electric. Tenants enjoy ample street parking on 1st and 2nd Streets and the convenience of being close to everything. The second floor boasts one of only two outdoor seating areas that truly overlook the vibrant Franklin Street corridor. With a proven track record of 100% occupancy and prime location, this is the ultimate “set and forget” investment. Interior photos are a sample from when renovations were done. Please ask your agent for the Rental Information Sheet. ATTRACTIVE OWNER FINANCE OPTION! Down Payment: $300,000, Term: 30 Year, Interest 6%!

Location

State NY

County Schuyler

Area Watkins Glen Village-Dix-442401

Zoning Commercial

Rooms

Basement Full, Storage Space

Interior

Heating Electric, Individual

Cooling 1 Unit, Central Air

Inclusions Land and Building

Fireplace No

Exterior

Utilities Available Electricity Connected, Sewer Connected, Water Connected

Roof Type Membrane,Rubber

Building

Lot Description Rectangular, Rectangular Lot

Story 3

Sewer Public Sewer

Water Public

Construction Status Existing

Schools

School District Watkins Glen

Others

Tax ID 442401-065-045-0001-013-000-0000

Acceptable Financing Cash, Owner Will Carry

Listing Terms Cash, Owner Will Carry

Special Listing Condition Standard

Listed by Franzese Real Estate

NEARBY SCHOOL & BUSINESS

+1(518) 205-9555

jason@dugorealty.com

110 Partition Street, Saugerties, NY, 12477, United States

108 N Franklin ST Watkins Glen, NY 14891