FIRST TIME ON THE MARKET IN 50 YEARS!!! OWNER RETIRING. 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 electric 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 tenant 30 day Right of First Refusal)
NOTICE TO INTERESTED PARTIES: The hardware store management and employees are NOT parties to information regarding this offering of real estate for sale. Direct all inquiries about this property to the listing Real Estate Broker Bruce Ward 315-796-4425
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.