For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $1,100,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
MLS Listing ID H6315843
Year Built 1980
Annual Tax Amount $27,535
Lot Size 0.630 Acres
Property Sub-Type Retail
Property Description
Unbeatable Investment offering! Great tenant, Napa Auto and Truck Parts, with 10 years left on the lease (two 5 year options), annual increases, and has been there for 5 years. Building is well-maintained and in good condition with three-phase electric on .63 +/- acres. Plenty of paved parking, overhead door and full finished lower level with loading dock. Location is amazing in the heart of busy Monticello near Walmart, Home Depot, ShopRite, Old Navy, Marshalls, Rite Aid, food franchises, banks, gas stations, and more. Beer World is across the street. High traffic area and high visibility close to exit ramps for NYS Rt 17 / I-86. Also offered with two other stores if you are seeking an investment bundle. Tenants pay utilities, minor repairs, water and sewer and insurance on contents. Landlord pays taxes, building insurance and major repairs only. Cap rate on this one is 7%, the other two are at 9.7% and 10%! Additional Information: HeatingFuel:Oil Above Ground,
Location
State NY
County Sullivan County
Interior
Heating Forced Air, Oil
Cooling Wall/Window Unit(s)
Building
Lot Description Level
Sewer Public Sewer
Water Public
Others
Special Listing Condition None
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Century 21 Country Realty