107 Seneca Street

About this home

A rare opportunity to own a well-known mixed-use property in the heart of the thriving Village of Manlius. This long-standing village bar offers excellent visibility along with three income-producing apartments, all currently occupied. The flexible first-floor layout gives the next owner the option to continue a bar operation or bring a new vision for another business or commercial use.  Recent improvements include a roof approximately 2 years old and a first-floor furnace approximately 4 years old. Each apartment features electric heat and separate utilities. Adding to the property’s one-of-a-kind character is the impressive mural spanning the exterior side of the building, creating a distinctive and recognizable presence in the Village.  Bar equipment will convey in “as-is” condition. The pool table, darts, jukebox and ATM are leased equipment and currently generate approximately $1,000 per month in passive income for bar tenant. The bar space is presently rented to the owner’s son and is therefore not an arm’s-length rental arrangement, creating potential for substantially greater rental income at market rent.  Whether continuing the established bar use, leasing the commercial space, introducing a new business concept, or taking advantage of the existing residential income, this remarkable Manlius property offers an exciting opportunity with character, visibility, flexibility and multiple potential income streams. Square footage based on the tax records for tavern and external apts total of 3341 sq ft (tavern@ 1508 sq ft & apts total 1833 sq ft). If buyer/prospect has interest in leasing the bar that may be a possibility. Owner has no operating expense, the bar tenant pays the building water bill & dumpster trash removal.

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Location

Manlius, NY 13104 · Onondaga County

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