Description
SELLERS FINANCING AVAILABLE! This commercial property allows you to own a cash cow investment, with 5.1 acres of the commercial property leased for parking trucks, trailers, boats, RVs, used cars, a fully leased warehouse used as an auto repair shop, and garages, additionally, it has 5 residential units. Great location, Just 4 minutes 3.4 miles off Exit 126 Florida NY. This is a value add opportunity Since all units are rented under market value, additionally, not all parking spaces are leased, and is highly demanded in the area. It's a good & easy investment since it doesn't require much maintenance, management, or repairs. This property can be redeveloped for about 100,000 sq ft industrial building, or you can just keep all the structures and build about 40,000 sf warehouse building. Property currently has a 7.71% cap rate.
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School Ratings & Info
Description
SELLERS FINANCING AVAILABLE! This commercial property allows you to own a cash cow investment, with 5.1 acres of the commercial property leased for parking trucks, trailers, boats, RVs, used cars, a fully leased warehouse used as an auto repair shop, and garages, additionally, it has 5 residential units. Great location, Just 4 minutes 3.4 miles off Exit 126 Florida NY. This is a value add opportunity Since all units are rented under market value, additionally, not all parking spaces are leased, and is highly demanded in the area. It's a good & easy investment since it doesn't require much maintenance, management, or repairs. This property can be redeveloped for about 100,000 sq ft industrial building, or you can just keep all the structures and build about 40,000 sf warehouse building. Property currently has a 7.71% cap rate.
© 2024 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Howard Hanna Rand Realty. Data last updated: 2024-10-11T22:18:24.04.