SUCCESSFULLY SOLD FOR $79,000

IGA Market, Nine State Street, Mt. Morris, New York

Wednesday, April 7, 2004
Final Registration at 6:00 PM - Auction at 7:00 PM

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IGA MarketPROPERTY DESCRIPTION: two story steel reinforced, brick, concrete block & wood frame 5,500 square foot (approx.) building on a commercially zoned village lot serviced by all municipal & public facilities.

In the heart of the Village of Mt. Morris within the Central Business District

This building was constructed in +/- 1925 as a retail sales facility. It has served the community successfully for many years with its most recent use was as an IGA Supermarket. It is in a busy rural community surrounded by vibrant , locally and regionally owned businesses.

This property offered for sale at PUBLIC AUCTION

Wednesday, April 7, 2004 at 7:00 PM
Property will be sold "Absolute"
when the bid price exceeds $ 40,000.00

Located forty minutes south of Rochester/Monroe County, Mt. Morris is in the heart of the Genesee Valley and Finger Lakes tourist/recreational area. Nearby world class venues include Letchworth State Park, Mount Morris Dam Visitors Center, the Mills Mansion, Genesee Valley Green Way Finger Lakes Trail, Buck Run, Al Lorenz Livingston County Park...PLUS...skiing, boating, sight seeing, wineries, and nearby urban attractions. The community enjoys fine public schools, with the added benefit of convenient private and New York State Universities, and county higher education facilities. Local industry is robust and the surrounding region offers many job opportunities! You can enjoy the advantage of close urban facilities while living in a small rural community reminiscent of life during quieter times! This property and community is prime for your investment in this property.

Specific Property Information

Location: Nine State Street
Village of Mt. Morris, New York 14510
Town of Mt. Morris, County of Livingston

Directions: From Rochester, New York take Interstate 390, forty minutes south to Mt. Morris exit 7. Proceed west on Route 408 into the Village of Mt. Morris. At the Main Street traffic light continue straight for 1 block. The building is prominently on the left (south side of the road), at the intersections of State and Clinton Streets.

Facility Description: two story brick, concrete block and wood frame 5,500 square foot (approx.) building. There is adjacent multi-vehicle private parking and substantial on and off street public parking within walking distance.

First Floor: This level offers approximately 2,800 square feet of commercial area. Approximate dimensions: front 41' x 53'; rear 29' x 21'.

The front of the store has ground level access offering a variety of possibilities that could include retail sales with excellent display potential or office facilities for administrative, medical or legal applications. Suggested uses...variety of retail sales with spectacular front window display, restaurant, lounge, medical or dental office, athletic center, attorney’s office, insurance agency, contractor, photographer, or financial planner. The potential for use is unlimited.

The first floor rear of the building offers an unfinished storage area that could remain intact or easily converted to other uses. There is a full dry basement and bathroom.

Second Floor: The second floor houses two, very spacious apartments. One has three bedrooms, one has two bedrooms. Each unit has separate, private access off the alley behind the property. These apartments alone may provide passive income substantially supporting the costs of this building. Approximate dimensions: front 41' x 53'; rear 29' x 21'. 

INCOME POTENTIAL - $2,000.00 PER MONTH

  • Owner - Anthony F. Bonadonna and Sheila F. Bonadonna

  • Warranty Deed - Book 989, page 1

  • Tax Map Identification #243601.106.019-01-003.001

  • Currently assessed for $96,500.00; $15,500.00 for land and $81,000.00 for structure/improvements, Village and Town assess at 100% of full value established in 2002. This Implied uniform percentage of full value is $96,500.00.

  • Subject premises lie wholly within the Village of Mt. Morris, the Mt. Morris Central School District, and is served by the Mt. Morris Volunteer Fire Department

Tax Rate per thousand assessed value
School $23.49 

Additional Village utility charges:

Water - $ 25.00 minimum to 3,000 gallons; $2.85 per thousand gallons there after

Sewer - $ 69.00 minimum to 17,000 gallons; $2.85 per thousand gallons there after

County $8.23
Town  $3.41
Village $14.17
PHOTO GALLERY                     LOCATION MAP

John T. Reynolds, CAI
Newark, NY 14513-0508

Telephone: 315-331-8815
Fax: 315-331-2054

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