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Listed by Amy Farchione-Sgromo • Julie & Co Realty LLC
$ 985,000
Est. payment /mo
Active
1133 State Route 22 Cambridge, NY 12816
15,103 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 15,103 sqft
Price per Sqft $65
MLS Listing ID 202612137
Year Built 1980
Annual Tax Amount $19,739
Lot Size 5.000 Acres
Acres 5.0
Lot Dimensions 439x430
Property Sub-Type Retail
Source Global MLS
Property Description
This well-maintained 15,103 square foot commercial building presents a investment opportunity with a long-term lease to a nationally recognized tenant, Dollar General who has been the anchor tenant since 2006, occupying 81% of the building. The remaining 19% is leased as storage space to another tenant, providing additional, stable rental income. The property also has a long term ground lease to Verizon for a tower. The property is Located on a sprawling 5-acre lot with room to construct another building on the property for additional income. The property features a newly paved parking lot and upgraded lighting, ensuring a welcoming and safe environment for customers and tenants alike. The leases are structured as a Triple Net (NNN) lease, The asking price is for the building, property and the Verizon Tower lease & easement is $1,250,000. If interested in just the Building and property without the Verizon tower lease and easement the asking price is $985,000.
Location
State NY
County Washington
Zoning Commercial
Direction On Rt 22 ( S Park St) 1.4 miles from village of Cambridge.
Interior
Heating Forced Air
Building
Sewer Septic Tank
Water Public
New Construction No
Others
Tax ID 535089 263.-3-4.2
