5 Acres with 440 ft on HWY 22
15,000 sqft. building (5800 sqft vacant0
Possible two outparcels
New 20-yr Warranty Roof (nov 09)
New 5-yr Dollar General Lease starting 1 April 2014,
with 2-5-yr options at escalating rents. Per lease they
pay 60% of all property taxes, plus Insurance and CAM.
They pay snow plowing, also.
Property was on Tax rolls for $1.2 M for years.
2012 Owner appealed Taxes, did appraisal & legal which
resulted in reduction to $630,000, almost 50%
NOI on property has averaged about $55,000+ for several years.
with th current vacancy. When rest rooms are finished and space
becomes rentable, that income could add over $20,000.
1133 New York 22 Cambridge, NY 12816