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Listed by Rudy R Lynch • Carrow Real Estate Services LLC
$2,950,000
Est. payment /mo
24,002 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 24,002 sqft
Price per Sqft $122
MLS Listing ID 202529232
Year Built 2018
Annual Tax Amount $20,487
Lot Size 4.000 Acres
Acres 4.0
Lot Dimensions 555' x 427'
Property Sub-Type Retail
Source Global MLS
Property Description
Grocery-anchored multi-tenant retail plaza for sale - Middleburgh Meadows Plaza, 174 Marjorie Lane, Middleburgh, NY - offered at $2,950,000 ($122.91 PSF) with a 6.72% cap rate. Built in 2018, this modern two-building center totals 24,002 SF on 4.00± acres with 120 parking spaces (5:1 ratio). NNN leases with annual increases provide stable income and minimal management. Anchored by a regional grocery tenant and adjacent to new residential development. Municipal water, private septic, 4,703 AADT. Excellent investment opportunity in a growing market.
Location
State NY
County Schoharie
Zoning Commercial
Direction 174 Marjorie Lane, Middleburgh, NY 12122
Interior
Heating Forced Air
Inclusions Building & Land
Exterior
Roof Type Rubber
Building
Sewer Septic Tank
Water Public
Others
Tax ID 433801 106.7-2-2
Special Listing Condition Standard
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