Real Estate General Contracting
Real estate general contracting opportunity
15,400 sq ft 14 units with Laundromat new roof, and new store front painted
corner lot 12,400 sq ft commercial space 1400 month duplex on location currently rented
shop 68 wide x38 depth, three large bays, office one half bath, heated, built 2015
3 unit apartment building 1900 monthly income
2 bedroom home 900 month rental income completely demo, remodel 2013.
included in asking price
included in asking price
included in asking price
Share this business:
General Contracting Company: 10 years as a start up company; over 5 million in sales; currently 6 employees. All employees past and present are under contract for a non completion agreement. Artisan Contracting of WNY, services the greater Buffalo NY and Northern Pennsylvania areas as will as Cattaraugus County NY and has had a great 2017 season into 2018 with over $500,000 in combined sales. Many residual contracts are available and I can facilitate a one year transition to ensure good faith to consumer if needed.
Real Estate: 25,020 sq ft commercial and residential rental space; room to develop commercial land into further equity. There are many state and local block grants available for funding projects. Listed at $37.55/sq foot for all property, it is 1.5 million dollars in real estate that currently generates $10,300 in monthly revenue. The potential growth of rental income is $408,880 when the black three story building is completed. When the planned laundromat is built in the first floor, the projected revenue is $250,000.00 annually. Solar panels and geothermal heating will provide about $80,000 in tax credits. The estimated cost to build out is $500,000. This brings it to a total sq foot investment of $90/ sq foot for an additional $658,000 in revenue. The Wayne street lots can provide a suitable building site for a building ranging from 2000-32000 sq ft depending on builders needs. A sale of multiple properties is more favorable than individual properties.
About the Business
Contact the Seller
- Year Established:
- Number of Employees:
- Real Estate:
- Building Sq. Ft.:
37 Main Street, Allegany NY 14706: corner lot; 3 unit; monthly income 1900/mo
1205 West Sullivan St., Olean NY 14760: single family; income 900/mo
319 N 8th St, Olean NY 14760: commercial shop location; income 3000/mo
214 W State St, Olean NY: under construction; 15,400 sq ft.
306 and 302 Wayne St, Olean NY: corner lot; income 1400/mo
N 6th St, Olean Ny: existing business; diner and command dog training; existing 1BR apt. upstairs; $3000/mo income; 3000 sq ft.
6 parcels of property are located in the high traffic business area. 5 of those parcels are on corner lots. 2 parcels are located in average areas near the business districts. There is a high investment rate currently happening in the Olean/Allegany commercial and retail space. Available in this area are many grants and government loan opportunities. The availability of existing income, proven business concept, lease, construction, and property management services provides an opportunity that no other business in the area currently has to offer.
Growth & Expansion:
In addition to the current financial information, the proposed expansion and development of 216 West State Street (see plans attached) has a rent roll of 14 unit apartment building upon completion-$408,880 annually, laundromat after completion $250,000 annual gross revenue. The Wayne St lots of land zoned for a 80x40 strip mall $80,000 gross annual revenue. Main street grants, energy solar grants available. Upon completion, the real estate value would increase 3x the current property value. There is no limit to the growth and expansion.
About the Sale
- Reason For Selling:
Seller can stay on for ease of transition for a period of one year. Please contact directly for employee description of training and experience. Current leases, non completion agreements and employee contracts are in place.
gross revenue is construction company only does not reflect rental income or proceeds.
- Cash Flow Comments:
after cost of goods sold and labor capital was distributed accordingly
- Seller Financing:
prequalified inquiry only can owner finance or sub divide properties
corner lot allegany new york, olean new york, general contractor, construction equipment, commercial garage, commercial restaurant, commercial office space, rental income, college housing, section 8 housing, laundromat, income property, fix and flip, 4 bedroom rental, two bedroom rental, one bedroom rental, off street parking, handy-cap, land, clean and green land, roofing equipment, concrete equipment, carpentry, painting industrial, commercial, residential, maintenance company, turn key, internet sales, remodeling company, snow plow service, heavy equipment, usda grants, home grants, artisan contracting of western new york, cattaraugus county, west state street corner lot, rout 446 ny corner lot, buffalo street olean new york corner lot, wayne street olean new york corner lot, union street olean new york, store front olean new york, build to suit office space corner lot, siding, new home construction, mobile home park construction, concrete, excavation, drywall, kitchen and bath remodel, windows and door installation, tile floor work, development opportunity, investor, investment, investments, saint bonaventure university housing, siemens, dresser rand olean ny, city of olean, town of olean ny, town of allegany ny, be your own boss, general contracting, building construction, property management, two baths, first floor laundry, first floor bath, management, land lord, rental units, skiing, fishing, hunting,
- Ad Detail Views:
survey black building 3 story (660 KB)
216 interior floor plan (360 KB)