Listing ID S1389647
Sold For$1,500,000
SqFt
21,120
Status Closed
County Oswego
Year Built 1837
Property Type Commercial Sale
Property Sub Type Mixed Use
A potential buyer would be able to use their creativity and vision to redevelop the property into something great. It is in a prime location right on the Oswego River and Water Street Square. The surrounding area consists of newly built and redeveloped apartments, restaurants, and shops.
There are currently grants that can be used towards the restoration of the property, including a $1,000,000 RESTORENY Grant and more.
The property is on the National Register of Historic Places. The official name of the building is the Market House Building and was the original municipal building for the city of Oswego built in 1837.
The total square footage of the building is roughly 21,000 sqft.
The main building consist of three floors and a basement. The smaller building consists of two floors.
The Old City Hall bar and Water St Cafe restaurant was located on the first floor of the main building. The second floor currently consists of two large open rooms and four smaller rooms. The third floor is open and has great views of the Oswego River and surrounding area. The smaller building has two floors. Sold AS IS!
This is a great opportunity and redevelopment property in a prime location!
County
Oswego
Property Sub Type
Mixed Use
Property Type
Commercial Sale
Year Built
1837
Zoning
TD
Elementary School District
Oswego
High School District
Oswego
MLS Area Major
Oswego-City-351200
Middle Or Junior School District
Oswego
Postal City
Oswego
Township
Not Applicable
Waterfront
yes
Waterfront Features
River Access, Stream
Zoning Description
Commercial
Buyer Financing
Cash
Inclusions
Land and Building,Other - See Remarks
Lease Considered
no
Listing Terms
Cash, Rehab Financing
Net Operating Income
-16685
Operating Expense Includes
Utilities
Possession
Close Of Escrow
Special Listing Conditions
Standard
Tax Annual Amount
16685
Tax Assessed Value
275000
Fireplace
no
Heating
yes
Heating Type
Gas, Hot Water
Living Area
21120
Stories
3
Stories Total
3
Lot Size Dimensions
65X176
Lot Size Units
Acres
Number Of Buildings
2
Roof
Other, See Remarks
Sewer
Public Sewer
Utilities
Sewer Connected, Water Connected
Water Body Name
Oswego River
Water Source
Public
CLIP
9932800964
Human Modified
no
Listing Association
Syracuse
Mls Status
Closed
Permission
IDX
Property Condition
Resale
Property Sub Type Additional
Mixed Use
Year Built Details
Existing
Contact - Listing ID S1389647
Syracuse Realty Group
106 South Main Street
North Syracuse, NY 13212
Phone: 3154100373
Fax: 3154100375
bherzig@syracuserealtygroup.com,ozzie@syracuserealtygroup.com
Data services provided by IDX Broker