CCertihomes
101 Main Street, Phelps, NY 14532

$375,000

0 beds 0 baths 8,298 sqft Built 183968 days on marketActive

About this home

Also listed as R1609842. Presenting a rare opportunity to acquire a distinguished and highly sought-after “PRIME” piece of real estate, renowned within the community and boasting a loyal clientele built over 60 years. This prime property, situated in a high-traffic area, promises a lucrative investment with substantial potential for continued success. The building encompasses 8, 298 sq. ft. and features: Versatile Retail Spaces: 2 or 3 ground-floor retail spaces ideal for a variety of uses including a store front, hair salon, restaurant, or event space with expansive front windows, ensuring maximum visibility and appeal. Residential Units: 3 spacious upper-level apartments, each offering comfort and convenience with the added benefit of an open deck at the rear. Looking to start a business? Let the rental income from the apartments help cover your business space costs, making this an even more attractive investment. Upgrades include a new rubber roof installed in 2015 & new back stairs, ensuring durability and long-term value. Seize this exceptional opportunity to own a landmark property with a storied legacy and significant future potential. Possible seller financing.

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrFixed at 7.15% APR.

Your estimated payment
$5,803/mo

Real estate (PITI + HOA + PMI)
$3,783
Principal + interest$2,406
Property tax + insurance$1,236
PMI / 2nd mortgage$141
Utilities
$4,139
Heating + cooling$1,920
Internet + TV + phone$133
Water + sewer + garbage$58
Transportation
$0
Other (entertainment)
$133
$5,803/mo TLC
Budget$6,303/mo
Remaining after TLC$500/mo
Purchase price
$375,000
Down payment
$18,750 (5%)
Loan amount
$356,250
APR
7.15%

Quick facts

Type
Apartment
Style
Year built
1839
Lot size
0.0616 ac
Stories
2
Heating
Electric, Baseboard
Cooling
Water
Public
HOA
Annual tax
$6,613
MLS #
R1609836
County
Ontario

At a glance

Basement

Home features

Parking
OffSite
Flooring
Carpet, Hardwood, Varies
Roof
Membrane, Rubber
Sewer
PublicSewer

Lot features

IrregularLot

Neighborhood — 14532

MetricThis ZIPCountyUSA
Population2,83219,351,094299,088,112
Population Change Since19902.00%8.00%20.00%
Population Density68395
Male1,4059,381,926147,432,321
Female1,4269,969,168151,655,844
Never Married5434,946,39163,775,926
Married1,3307,166,701123,120,365
Separated671,159,67312,639,686
Widowed1561,110,24515,467,586
Divorced2201,210,44823,075,029
Number Of House Hold1,0337,102,016111,826,380
Average House Hold Size2.732.642.60
Medial Age38.1736.5335.46
Median House Hold Income$49,406$49,847$48,276
Average House Hold Income$54,231$70,032$63,629
P C I$20,072$26,569$24,529
M D I$42,159$42,210$41,133
A T H E$46,194$54,185$50,898
S T R7.13%4.00%
W C J71.97%81.55%77.74%
(Zip) Code
14532

Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.

Map & walkability

Open in Google Maps →

Listing information last refreshed 5/27/2025. Provided courtesy of Hunt Real Estate ERA/Columbus via Buffalo MLS. Information deemed reliable but not guaranteed.