$250,000
Schenectady, NY 12305
MLS# 202024665
Status: Closed
8844 sqft
1 / 15
Property Description
HUGE PRICE REDUCTION. SELLER MOTIVATED. WILL HOLD PARTIAL PRIVATE MORTGAGE. Unique business opportunity to purchase Phil Englebardt's Liquor Mart. In business since 1946. Close to Union College, the Stockade, and Rivers Casino. Well established business and household name within the Union College area of Schenectady. Great opportunity to invest in a fast growing wine and liquor retail business. Retail Sales averaged $735K in the past 5 years. Increased product variety by over 1,200 items in the past 5 years. A great business reputation and 5 star customer reviews. Can also purchase the building for $499k with 7 additional 1BR apartments, generating extra annual rental income of approx. $60K (see MLS # 202029766). Don't miss this opportunity!
Details
Maps
Contract Information
Original List Price: 325000
Offered Lease/Sqft: 28.27
List Price/SqFt: 33.91
Sold Price/SqFt: 28.27
List Price/Acres: 967419.35
Sold Price/Acres: 806451.61
Status: Closed
Property Sub Type: Mixed Use
Sold Price: $250,000
Listing Contract Date: 2020-08-06
Current Price: $250,000
Location
City/Town (Mail): Schenectady
Street Number: 511
Street Name: UNION
Street Suffix: Street
County: Schenectady
State/Province: NY
Postal Code: 12305
Geo Lat: 42.81638
Geo Lon: -73.938145
Property Detail
Year Established: 1946
Stories: 2
Business Name: Englebardt's Liquor Mart
Lot Size Square Feet: 13626
Lot Size Dimensions: 35.4 X 125
Lot Size Acres: 0.31
Building Area Total: 8844
Building Available SQFT: 8844
Waterfront Y/N: No
Enhanced Accessible Y/N: No
Year Built: 1930
Parcel, Tax, HOA
Parcel Number: 421500 39-1-27
Tax Annual Amount: 13730
Tax Section: 39
Total Taxes Description: Actual
Tax Block: 1
Tax Lot: 27
School District: Schenectady
Association Y/N: No
Directions & Remarks
Directions: Erie Blvd. to Union Street.
Public Remarks: HUGE PRICE REDUCTION. SELLER MOTIVATED. WILL HOLD PARTIAL PRIVATE MORTGAGE. Unique business opportunity to purchase Phil Englebardt's Liquor Mart. In business since 1946. Close to Union College, the Stockade, and Rivers Casino. Well established business and household name within the Union College area of Schenectady. Great opportunity to invest in a fast growing wine and liquor retail business. Retail Sales averaged $735K in the past 5 years. Increased product variety by over 1,200 items in the past 5 years. A great business reputation and 5 star customer reviews. Can also purchase the building for $499k with 7 additional 1BR apartments, generating extra annual rental income of approx. $60K (see MLS # 202029766). Don't miss this opportunity!
Sewer
Public Sewer: 1
Architectural Style
Retail: 1
Building Detail
Office Available SQFT: 0
Retail Available SQFT: 2000
Warehouse Available SQFT: 0
Showing Requirements
24 Hour Notice: 1
Agent to Accompany: 1
Occupied: 1
Special Listing Conditions
Ownership: Exclusive Agency Listing
Water Source
Public: 1
Heating
Baseboard: 1
Forced Air: 1
Hot Water: 1
Income And Expenses
Gross Income: $735K
Parking Features
Assigned: 1
Private: 1
Possible Use
Business: 1
Retail: 1
Sale Includes
Other: 1
See Remarks: 1
Status Change Info
Status Change Date: 2021-07-09
Under Contract Date: 2020-11-19
Sold Date: 2021-06-08
Sold Price: $250,000
Property Features
Architectural Style: Retail
Heating: Baseboard; Forced Air; Hot Water
Parking Features: Assigned; Private
Possible Use: Business; Retail
Sale Includes: Other; See Remarks
Sewer: Public Sewer
Showing Requirements: 24 Hour Notice; Agent to Accompany; Occupied
Water Source: Public
Listing Courtesy of Hammer Realty
Listing Agent: David L Hammer
518-221-5757 | David@HammerRealtyNY.com
518-221-5757 | David@HammerRealtyNY.com
