$449,900

About this home

Excellent investment opportunity located in Lindley NY, Steuben County. This unique commercial property offers a rare combination of reliable income and business potential, ideally located on a busy county road just north of the Pennsylvania border and 15 miles south of Corning, NY. The property’s strongest income source includes four newly renovated apartments, all currently leased and producing consistent monthly revenue. The self-storage component includes two newer steel buildings housing a total of 37 units in a variety of sizes ranging from 5 x 10 to 10 x 30, as well as six additional 9.5 x 17.5 units in a traditional wooden barn. With high visibility and easy access, these storage units offer dependable income with low maintenance needs. Above the main commercial building are four fully remodeled apartments—an efficiency unit, a one-bedroom, and two two-bedroom apartments—bringing in a total of $4, 450 per month in rental income. A newly installed, county-approved septic system services the building. The main structure, encompassing over 5, 800 square feet, previously operated as The Lindley Roadhouse, a popular bar and restaurant. The first floor features a large, open dining area with wood floors, booth and table seating, and space for a pool table. A partial wall separates the dining room from a cozy bar area with seating for 10, while the adjacent commercial kitchen is fully equipped and ready for use. All equipment conveys with the sale. Additional features include a private office, guest restrooms, and a large, covered deck for outdoor seating in the warmer months. Even though this main structure was most recently a restaurant and bar, this commercial space could easily be adapted for any commercial endeavor. This property presents a turn-key opportunity for investors seeking diversified income or entrepreneurs looking to run or lease a commercial restaurant space. With multiple revenue streams in place and the potential for further development, this is a truly versatile property in a highly accessible location near the state line.

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

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Rectangular, RectangularLot

Neighborhood — 14858

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