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1253 W Danby Rd

4,840 SF 100% Leased Retail Building Newfield, NY 14867 For Sale 11.70% Net Initial Yield

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Investment Highlights

Fantastic location convenient to downtown, state parks and commuters
Leasable space for ice cream, coffee, sandwich shop, etc.
Possibility for further expansion or development on 6.6 acres

Turnkey business with staff in place, included in sale price
Passive income established with fully-functioning laundromat

Executive Summary

Phenomenal opportunity to own a lucrative service station, convenience store, laundromat and ice cream shop in the heart of the Finger Lakes! Located just south of Ithaca, New York, a bustling locale with two universities and commercial growth. This building and acreage are competitively priced, and with multiple business options; turnkey and cashflowing, you can continue with the staff and businesses as they are, or lease out the divided spaces as you see fit. All three spaces were renovated between 2022 and 2023, along with many new appliances (call for FFE list). On top of what's already in place, this property includes over 6 acres prime for expansion or development. Financials are available and require an NDA.

NC OM