101 Main st - Convenience Store FOR SALE


Phelps, NY 14532
$375,000 USD
585-785-2000
101 Main st, Phelps, NY for Sale
$375,000 USD
Convenience Store - FOR SALE
1/48
null | 10.7% Cap Rate

101 Main st
Phelps, NY 14532


OVERVIEW

Presenting a rare opportunity to acquire a distinguished and highly sought-after “PRIME” piece of real estate, renowned within the community and boasting a loyal clientele built over 60 years. This prime property, situated in a high-traffic area, promises a lucrative investment with substantial potential for continued success. The building encompasses 8,298 sq. ft. and features: Versatile Retail Spaces: 2 or 3 ground-floor retail spaces ideal for a variety of uses including a store front, hair salon, restaurant, or event space with expansive front windows, ensuring maximum visibility and appeal. Residential Units: 3 spacious upper-level apartments, each offering comfort and convenience with the added benefit of an open deck at the rear. Looking to start a business? Let the rental income from the apartments help cover your business space costs, making this an even more attractive investment. Upgrades include a new rubber roof installed in 2015 & new back stairs, ensuring durability and long-term value. Seize this exceptional opportunity to own a landmark property with a storied legacy and significant future potential

FOR SALE DETAILS

PRICE

$375,000 USD

PRICE/SF

$45 USD /SF

CAP RATE

10.7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

ADD'L SUBTYPES

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1839

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.96 AC

LAND SF

41,818 SF

ZONING

05 - COMME

APN/PARCEL ID

324001-048-009-0001-016-000

ASK ABOUT THIS PROPERTY

David KuperusHUNT Real Estate ERAMore Info
585-785-2000

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David KuperusHUNT Real Estate ERAMore Info
585-785-2000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.