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203 Lake St

4,576 SF Vacant Retail Building Penn Yan, NY 14527 £625,882 (£137/SF)

Investment Highlights

  • Heavy Traffic Area
  • Long Term Tenants
  • Corner Lot

Executive Summary

This commercial plaza is located on a corner lot in a high traffic area and has three long-term tenants. Surrounded by anchor tenants, this location can't be beat. Tenants are responsible for paying for their individual space's utilities and maintenance. Two of the tenants have leases of over 10 years, while the third is on a month-to-month basis. The building's parking lot offers approximately 34 parking spaces with additional parking available off to the side. The roof has been replaced seven years ago. An investor could choose to keep all three spaces leased for a great return on their investment or use one of the spaces for their own business while earning income from the other two to supplement expenses. Well maintained and ready for a new Owner! Schedule your tour of this great opportunity today!

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
4,576 SF
Building Class
C
Year Built
1988
Price
£625,882
Price Per SF
£137
Percent Leased
Vacant
Tenancy
Multiple
Number of Floors
1
Building FAR
0.13
Lot Size
0.79 AC
Zoning
C - Commercial
Parking
50 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
179 ft on Lake St

Amenities

  • Smoke Detector

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 2
  • 3,000 SF
  • Retail
  • -
  • Now

Looking for a prime location for your business? Check out this unit for rent located in the heart of Penn Yan. This 3000 square foot unit is currently being used as a gym but can be transformed into any type of business that you desire. The unit offers ample space for you to set up shop and get your business up and running. The location is perfect for those who want to be in the center of the action. Situated on a busy corner, your business will be seen by many potential customers. The unit is in close proximity to other businesses, making it easy for you to attract new customers. The monthly rent for this unit is $3000 with a 30% maintenance fee added every year. This is a great deal for a unit located in such a prime location. Don't miss out on the opportunity to establish your business in the heart of Penn Yan. See for yourself what this unit has to offer!

Space Size Space Use Position Available
2 3,000 SF Retail - Now

2

Size
3,000 SF
Space Use
Retail
Position
-
Available
Now

2

Size 3,000 SF
Space Use Retail
Position -
Available Now

Looking for a prime location for your business? Check out this unit for rent located in the heart of Penn Yan. This 3000 square foot unit is currently being used as a gym but can be transformed into any type of business that you desire. The unit offers ample space for you to set up shop and get your business up and running. The location is perfect for those who want to be in the center of the action. Situated on a busy corner, your business will be seen by many potential customers. The unit is in close proximity to other businesses, making it easy for you to attract new customers. The monthly rent for this unit is $3000 with a 30% maintenance fee added every year. This is a great deal for a unit located in such a prime location. Don't miss out on the opportunity to establish your business in the heart of Penn Yan. See for yourself what this unit has to offer!

Walk Score ®
Very Walkable (71)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Community Bank
Rent-a-center
Snap Fitness 24/7
ALDI
Tops Friendly Markets
  • Listing ID: 28746343

  • Date on Market: 13/06/2023

  • Last Updated:

  • Address: 203 Lake St, Penn Yan, NY 14527

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