512 Oliver Street, North Tonawanda, NY 14120

$440,000
5
BD
10,503
SqFt

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Sold Price
$440,000
List Price
$499,999
Status
CLOSED
MLS#
B1617424
Closing Date
Jan 13, 2026
Year Built
1935
Stories
2
Bedrooms
5
Acres
0.27
Living Area
10,503
Subdivision
Mile Reserve
Region
North Tonawanda
Neighborhood
Mile Reserve

Property Description

Prime Mixed-Use Commercial Investment Seize the opportunity to own a versatile and income-generating property in a high-demand location. This well-positioned mixed-use asset offers: Established Commercial Tenant: The ground-floor retail space is currently occupied by a long-standing, reputable business—providing immediate, stable income and reducing leasing risk for investors. Five Residential Units: Thoughtfully designed apartments with contemporary finishes. Several units are currently leased, with strong rental demand offering excellent potential to achieve full occupancy. Value-Add Upside: With room to optimize residential rents and lease remaining units, this property presents a compelling opportunity for increased cash flow and long-term equity growth. Strategic Location: Located in a vibrant, transit-accessible area surrounded by retail, dining, and residential development—ideal for both commercial and residential tenants. Diversified Income Streams: Benefit from a balanced mix of commercial and residential revenue, offering financial stability and resilience. Fully Tenanted Commercial Space: The commercial unit is leased to a reliable, long-term tenant, making this an ideal hands-off investment with no need for owner occupancy or business setup.

Additional Information

Taxes
$13,152
Exterior Features
Blacktop Driveway
School District
North Tonawanda
Water
Connected, Public
Sewer
Connected

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Listing courtesy of Towne Housing Real Estate. Contact: 646-377-1087

Selling Office: Own NY Real Estate LLC.