Courtesy: Makitra Real Estate
607-329-2177
Prime mixed-use investment in the heart of Waverly, New York. Fully occupied, income-producing property featuring a popular Mexican restaurant, a spacious owner-operated antique store, and three residential apartments. Current monthly rental income includes two apartments at 2200 each, one at 1500, and the restaurant at 2500, totaling eighty-four hundred dollars per month or one hundred thousand eight hundred annually before any income from the antique business. Significant renovations completed through a revitalization project with approximately one million dollars invested. The second floor above the antique store offers value-add potential for additional apartments subject to approvals. Sale includes Teaoga Development LLC, with corporate documents and entities conveyed to the new owner, potentially allowing exploration of historic tax credit opportunities. High-visibility location, strong rental base, and room for growth— a rare find in downtown Waverly.
Waverly is located in New York. Waverly, New York has a population of 4,329. Waverly is less family-centric than the surrounding county with 23.3% of the households containing married families with children. The county average for households married with children is 25.66%.
The median household income in Waverly, New York is $46,009. The median household income for the surrounding county is $64,987 compared to the national median of $69,021. The median age of people living in Waverly is 39.8 years.
The average high temperature in July is 80.8 degrees, with an average low temperature in January of 12.7 degrees. The average rainfall is approximately 38.2 inches per year, with 56 inches of snow per year.
