1133 State Route 22 - Storefront FOR SALE


Cambridge, NY 12816
$985,000 USD
315-863-2777
1133 State Route 22, Cambridge, NY for Sale
$985,000 USD
Storefront - FOR SALE
1/27
null | 10.25% Cap Rate

1133 State Route 22
Cambridge, NY 12816


HIGHLIGHTS

  • New paved parking Lot
  • New Parking lot lighting

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$985,000 USD

PRICE/SF

$66 USD /SF

CAP RATE

10.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

5 AC

LAND SF

217,800 SF

ZONING

Commercial

APN/PARCEL ID

535089-263-000-0003-004-002-0000

ASK ABOUT THIS PROPERTY

Amy SgromoJulie & Co RealtyMore Info
315-863-2777

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

Amy SgromoJulie & Co RealtyMore Info
315-863-2777

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