Millcreek commercial property offers residential and commercial promise
A listing of three buildings and two parcels in the 3500 block of West 26th Street is both residential and commercial property with a world of potential for its next owner.
Listing for $775,000, the property at 3535 W. 26th St. has both a home and an office, while the property at 3527 W. 26th St. has a six-room office on the first floor with two bedrooms and a living room on the second floor. . At 3527 1/2 W. 26th St. stands a two-story brick house on a concrete slab. The current owners have used this building as a residential rental property.
In total, the three buildings have nine combined bedrooms, three full bathrooms, and three half bathrooms across 4,372 square feet of living space.
“There are a ton of options here that appeal to a different buyer,” said listing agent William Bucceri of Coldwell Banker Select. “If someone was strictly an investor and they wanted to buy some nice quality real estate, they could in theory rent all three buildings and collect the rent. They could live there and rent the other two and collect the rent. could live and work in one of them and maybe collect rent on the third.It’s a full menu that calls for many scenarios.
Bucceri noted that the owner installed an underground conduit with fiber optic lines for high-speed internet in all three buildings. The owner is a financial planner and has been required by the United States Securities and Exchange Commission to implement redundant infrastructure to protect sensitive client information.
“It’s an interesting thing that you don’t always talk about with real estate, so it’s ideal for someone who might want to live and work there,” Bucceri said.
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The 1.12 acres include 19 parking spaces and two covered parking spaces.
The brick buildings were built in 1949, according to Erie County property records. The annual tax bill is $6,052. The property is within the Millcreek Township School District.
“The finishes are spectacular; the attention to detail is incredible,” said Bucceri. “The interiors are truly stunning. The hotspots are: you have a beautiful lot with great visibility on a national highway, good parking and there is room to expand if you wish.”
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The property’s owner of 17 years, Donald Smith, runs his financial planning firm, Provident Wealth Management, from office space at 3527 W. 26th St. and lives in the house at 3535 W. 26th St. He converted what was a two-story brick garage into a self-contained apartment.
“He spent a small fortune renovating them,” Bucceri said.
Smith, however, “looks to simplify his life,” Bucceri said, noting that Smith owns other out-of-state assets and that’s part of a “natural evolution” for someone in his 60s.
The property has been on the market for about five months, Bucceri said.