5058 Route 17M Active Save Request In-Person Tour Request Virtual Tour
New Hampton,NY 10958
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