Exceptional mixed-use investment opportunity in the Village of Mount Morris offering multiple income streams across one well-maintained 5.08-acre property. Developed and thoughtfully laid out by the current owner beginning in 1990-91, this property includes 21 occupied mobile-home pads, two self-storage buildings with 30 total units, a commercial/residential building with a daycare on the first floor and two apartments above, plus a separate 3-bedroom, 1.5-bath residence.
Pro forma gross income is approximately $178,000 annually, with additional upside potential. Current rents throughout the property are considered below market, including mobile-home lot rents, apartment rents, and self-storage rents, providing an incoming owner with meaningful opportunity for future income growth. Only three self-storage units are currently vacant.
The mobile-home residents own their homes and maintain their individual lots and driveways. Public water and sewer serve the property, with individual water metering at the mobile-home sites. A potential 22nd mobile-home pad currently serves as a grassy playground area for the daycare; water and electric service remain in place, offering possible future redevelopment as an additional income-producing pad subject to applicable requirements.
The main commercial building was originally constructed as a laundromat with exceptionally substantial construction and infrastructure. The first floor is currently occupied by a daycare, while the original plumbing, drainage, and substantial electrical infrastructure offer future flexibility should the space ever be repurposed. Two residential apartments occupy the second floor.
Long-term ownership has maintained the property in very good condition with limited deferred maintenance. Diversified tenancy, strong historical occupancy, public utilities, and considerable rent-growth potential make this a rare turnkey income-producing opportunity.
Detailed financial information, operating statements, leases, surveys, and additional property documentation are available to qualified buyers upon request and proof of funds or financing capability.
Pro forma gross income is approximately $178,000 annually, with additional upside potential. Current rents throughout the property are considered below market, including mobile-home lot rents, apartment rents, and self-storage rents, providing an incoming owner with meaningful opportunity for future income growth. Only three self-storage units are currently vacant.
The mobile-home residents own their homes and maintain their individual lots and driveways. Public water and sewer serve the property, with individual water metering at the mobile-home sites. A potential 22nd mobile-home pad currently serves as a grassy playground area for the daycare; water and electric service remain in place, offering possible future redevelopment as an additional income-producing pad subject to applicable requirements.
The main commercial building was originally constructed as a laundromat with exceptionally substantial construction and infrastructure. The first floor is currently occupied by a daycare, while the original plumbing, drainage, and substantial electrical infrastructure offer future flexibility should the space ever be repurposed. Two residential apartments occupy the second floor.
Long-term ownership has maintained the property in very good condition with limited deferred maintenance. Diversified tenancy, strong historical occupancy, public utilities, and considerable rent-growth potential make this a rare turnkey income-producing opportunity.
Detailed financial information, operating statements, leases, surveys, and additional property documentation are available to qualified buyers upon request and proof of funds or financing capability.
Property Details
Price:
$1,699,000
MLS #:
R1705404
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Subtype:
MobileHome
Neighborhood:
mountmorrisvillage243601
Listed Date:
Sep 1, 2026
Finished Sq Ft:
8,480
Total Sq Ft:
8,480
Lot Size:
221,285 sqft / 5.08 acres (approx)
Year Built:
1991
See this Listing
Schools
School District:
Mount Morris
Interior
Heating
Gas, Baseboard, Forced Air, Multiple Heating Units, Radiant
Levels
Two
Exterior
Construction Materials
Blown In Insulation
Lot Features
Irregular Lot
Parking Spots
50
Parking Total
50
Roof
Asphalt, Architectural, Metal, Shingle
Stories
2
Financial
Taxes
$29,270
Map
Community
- Address10 Erie Street Mt Morris NY
- CityMt Morris
- CountyLivingston
- Zip Code14510
Market Summary
Current real estate data for Commercial in Mt Morris as of Sep 05, 2026
7
Commercial Listed
140
Avg DOM
76
Avg $ / SqFt
$626,100
Avg List Price
Property Summary
- 10 Erie Street Mt Morris NY is a Commercial for sale in Mt Morris, NY, 14510. It is listed for $1,699,000
Similar Listings Nearby
Courtesy of Empire Realty Group. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the New York State Alliance of MLSs. Detailed information about real estate listings held by brokerage firms other than Michael Paduano include the name of the listing broker. Neither the listing company nor Michael Paduano shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. New York State Alliance of MLSs. All rights reserved. 10 Erie Street
Mt Morris, NY