156 West 2nd Street, Oswego

Description

This well-maintained mixed-use property presents a compelling turnkey investment opportunity in the heart of downtown Oswego, a vibrant lakeside community on Lake Ontario. The building features a street-level commercial space occupied by a long-established, community-favorite coffee shop – The Coffee Connection – Oswego’s oldest independent coffee house with over 30 years of successful operation. SUNY Oswego students and faculty, and visitors to the area’s historic district and waterfront attractions. Upstairs, a studio apartment and a commercial unit provide additional stable rental income, contributing to the property’s full occupancy and reliable cash flow. With multiple tenants in place, this asset and low vacancy risk in a high-visibility location with strong pedestrian activity. Oswego’s downtown continues to benefit from ongoing revitalization efforts, proximity to SUNY Oswego (enrollment ~7,000), seasonal tourism, and port-related commerce, positioning this property for sustained demand and potential appreciation. Ideal for passive investors seeking diversified income streams from retail and residential sources. Current rents are lower than average: $1500 for the downstairs commercial (1,944 sf), $775 for the upstairs commercial and $500 for the studio apartment, total $2775/month.