Pine Island, NY 10969,2 School House RD

$900,000

$1,150,000

21.7%
Est.Price: ?

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Est. payment /mo

SOLD DATE : 08/15/2024

Key Details

Sold Price $900,000

Property Type Commercial

Sub Type Business

Listing Status Sold

Purchase Type For Sale

Subdivision Drew'S Garage

MLS Listing ID KEYH6296762

Sold Date 08/15/24

Originating Board onekey2

Rental Info No

Year Built 1950

Annual Tax Amount $11,630

Property Description

Instant Cashflow! Highly Visible, Accessible & Convenient location for this beautiful, historic, mixed-use commercial property. 8.6% Cap rate, as presented in the financial summary. Fully occupied, this building is on the corner of County Route 1 and Schoolhouse Road in the heart of Pine Island. The location couldn't be better, with easy access to main roads and excellent corner visibility. With 4 separate office spaces, 2 separate garage units, 2 retail spaces (1 including large drive-in garage door access), and 1 residential apartment, this property delivers! Property to be shown only after submission of offer based upon financials and upon receipt of POF and/or lender approval. Square Footage Details, Rent Roll and Expense details are provided in documents. Beautiful and historic, this three-level building sits prominently at the corner of County Rt 1 and Schoolhouse Road. Owner will consider holding paper for qualified buyers with significant down payment.

Location

State NY

County Orange County

Interior

Heating Electric, Forced Air, Propane

Cooling Wall/Window Unit(s)

Fireplace No

Appliance Gas Water Heater

Exterior

Parking Features Driveway, Off Street, Parking Lot

Building

Lot Description Corner Lot, Sloped

Sewer Septic Tank

Water Drilled Well

Structure Type Frame,Stone

Schools

School District Warwick Valley

Others

Special Listing Condition None

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Listed by Green Team Commercial
Bought with Green Team Commercial
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"My job is to help you sell your home without going through the stress that most sellers feel they have to go through and for the highest price possible, period."

+1(914) 214-1432

alex@integrumre.com

625 US-6, Mahopac, NY, 10541

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