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$500,000
Est. payment /mo
0.35 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID 861078
Rental Info No
Year Built 1996
Annual Tax Amount $7,636
Lot Size 0.350 Acres
Acres 0.35
Property Sub-Type Retail
Source onekey2
Property Description
Great investment property with an 8.25 CAP rate.
The property operates as a pre-owned auto dealership and is situated on a flat, corner lot with 100 feet of frontage on State Route 17M. The building features a clean showroom with a private office and is constructed with a frame and stone facade. The lot can accommodate approximately 50 vehicles, making it ideal for auto sales or other retail/service businesses. The location benefits from high visibility, with an average daily traffic count over 19,000 vehicles.
This property is currently leased to a tenant with two years remaining on a five-year lease with built in increase as an agreed upon term. Tenant has an option for an additional five-year lease.
The property operates as a pre-owned auto dealership and is situated on a flat, corner lot with 100 feet of frontage on State Route 17M. The building features a clean showroom with a private office and is constructed with a frame and stone facade. The lot can accommodate approximately 50 vehicles, making it ideal for auto sales or other retail/service businesses. The location benefits from high visibility, with an average daily traffic count over 19,000 vehicles.
This property is currently leased to a tenant with two years remaining on a five-year lease with built in increase as an agreed upon term. Tenant has an option for an additional five-year lease.
Location
State NY
County Orange County
Interior
Cooling Central Air, Wall/Window Unit(s)
Fireplace No
Exterior
Utilities Available Natural Gas Available
Total Parking Spaces 50
Building
Lot Description Level, Paved
Story 1
Foundation Other
Sewer Septic Tank
Water Private
Structure Type Other,Stone
Others
Special Listing Condition None
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Listed by Keller Williams Hudson Valley
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Devon Marie Ferdinand
Broker | License ID: 10311209766
Broker License ID: 10311209766