10 Erie Street, Mount Morris, NY 14510

New - 19 Hours Ago
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Property Description

Exceptional mixed-use investment opportunity in the Village of Mount Morris offering multiple income streams across one well-maintained 5.08-acre property. Developed and thoughtfully laid out by the current owner beginning in 1990-91, this property includes 21 occupied mobile-home pads, two self-storage buildings with 30 total units, a commercial/residential building with a daycare on the first floor and two apartments above, plus a separate 3-bedroom, 1.5-bath residence. Pro forma gross income is approximately $178,000 annually, with additional upside potential. Current rents throughout the property are considered below market, including mobile-home lot rents, apartment rents, and self-storage rents, providing an incoming owner with meaningful opportunity for future income growth. Only three self-storage units are currently vacant. The mobile-home residents own their homes and maintain their individual lots and driveways. Public water and sewer serve the property, with individual water metering at the mobile-home sites. A potential 22nd mobile-home pad currently serves as a grassy playground area for the daycare; water and electric service remain in place, offering possible future redevelopment as an additional income-producing pad subject to applicable requirements. The main commercial building was originally constructed as a laundromat with exceptionally substantial construction and infrastructure. The first floor is currently occupied by a daycare, while the original plumbing, drainage, and substantial electrical infrastructure offer future flexibility should the space ever be repurposed. Two residential apartments occupy the second floor. Long-term ownership has maintained the property in very good condition with limited deferred maintenance. Diversified tenancy, strong historical occupancy, public utilities, and considerable rent-growth potential make this a rare turnkey income-producing opportunity. Detailed financial information, operating statements, leases, surveys, and additional property documentation are available to qualified buyers upon request and proof of funds or financing capability.

10 Erie Street | MLS# R1705404

This commercial property located at 10 Erie Street, Mount Morris, NY 14510 is currently listed for sale with an asking price of $1,699,000. Erie Street is located within the Mount Morris school district. Search Mount Morris real estate on www.coldwellbankerprime.com today.

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Property Features

Property Type: Commercial - Business
Basement: Full
Heating: Gas, Baseboard, Forced Air, Multiple Heating Units, Ra
Lot Size: 5.08 Acres
Roof Type: Asphalt, Architectural, Metal, Shingle
Stories: 2.0
Taxes: $29,270
Year Built: 1991

Feature Descriptions

Exterior: Blown-In Insulation
Lot: Irregular Lot
Lot Dimensions: 74X925
Parcel#: 243601-115-007-0002-063-001-0000
Sewer: Public Sewer
Utilities: Sewer Connected, Water Connected
Water: Public

Local Schools

School District: Mount Morris

Demographics

Listed By / Shown By

Listing By

Agency Name: Empire Realty Group
Agency Phone: 315-960-7700

Shown By

Agency Title: Coldwell Banker Prime Properties
Agency Phone: 866-323-CBPP

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