Property Details

Overview

This commercial property allows you to own a cash cow investment, with 5.1 acres of the commercial property leased for parking trucks, trailers, boats, RVs, used cars, a fully leased warehouse used as an auto repair shop, and garages, additionally, it has 5 residential units. Great location, Just 4 minutes 3.4 miles off Exit 126 Florida NY. This is a value add opportunity Since all units are rented under market value, additionally, not all parking spaces are leased, and is highly demanded in the area. It’s a good & easy investment since it doesn’t require much maintenance, management, or repairs. This property can be redeveloped for about 100, 000 sq ft industrial building, or you can just keep all the structures and build about 40, 000 sf warehouse building. Property currently has a 7.71% cap rate.