Remarks

EXCELLENT CASH FLOW! Stand-alone retail store Investment Opportunity. Same regional hardware chain tenant since 2009, lease renewed thru 12/2028. Located on Main Street next to popular regional convenience store. 13,000 sq.ft. store and 2800 sq.ft. storage building on 1.8+ acres, with 195ft frontage on Main St. (US Rt 20) Richfield Springs. Frame and block construction (1960, enlarged and remodeled 1996), shingle roof, metal siding. Oil hot water radiant heat, fully sprinklered (dry system with compressor, 200A electrical service, municipal water/sewer, paved entry & parking area. Interior includes store sales area, receiving /storage area, repair shop equipment area, bathrooms, kitchen and mechanical room. Storage building is of pole construction (Morton 1992) with metal roof/siding, gravel/stone dust floor. Tennant pays property taxes, utilities, snow removal, routine maintenance of building, lot and outdoor area. Tenant provided upgrades include: paving, air-conditioning, lighting & flooring. Lease has 4 additional 5-yr renewal options. Landlord responsible for building structure, sprinkler system, monitoring system for sprinkler. (Offers are subject to 30 day Right of First Refusal). NOTICE TO INTERESTED PARTIES: The hardware store management and employees are NOT parties to information regarding this offer of real estate for sale. Direct all inquiries about this property to the listing Real Estate Broker Bruce Ward.

Details

MLS#: 11338752
Price: $600,000

Style: Commercial Building
Bedrooms: 0
Baths Full: 0
Baths Half: 2
Sq Ft: 13000
Year Built: 1965

County: Otsego
Tax Fee: 0

School District: RICHFIELD SPRINGS CENTRAL SCHOOL DISTRICT