5058 Route 17M Active

New Hampton,NY 10958

$ 500000

- Bed

- Bath

- SqFt


Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

MLS Listing ID 861078

Year Built 1996

Annual Tax Amount $7,636

Lot Size 0.350 Acres

Property Sub-Type Retail

Property Description

Great investment property with an 8.25 CAP rate.
The property operates as a pre-owned auto dealership and is situated on a flat, corner lot with 100 feet of frontage on State Route 17M. The building features a clean showroom with a private office and is constructed with a frame and stone facade. The lot can accommodate approximately 50 vehicles, making it ideal for auto sales or other retail/service businesses. The location benefits from high visibility, with an average daily traffic count over 19,000 vehicles.
This property is currently leased to a tenant with two years remaining on a five-year lease with built in increase as an agreed upon term. Tenant has an option for an additional five-year lease.

Location

State NY

County Orange County

Interior

Cooling Central Air,Wall/Window Unit(s)

Exterior

Utilities Available Natural Gas Available

Building

Lot Description Level,Paved

Story 1

Foundation Other

Sewer Septic Tank

Water Private

Structure Type Other,Stone

Others

Special Listing Condition None

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