$900,000
$1,150,000
21.7%For more information regarding the value of a property, please contact us for a free consultation.
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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