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3949 Main St

8,462 SF Retail Building Warrensburg, NY 12885 £539,108 (£64/SF)

Investment Highlights

  • Stable Tenants
  • Residential and Retail Uses
  • Investment Property
  • Heavy holiday/ weekend traffic to ADK mountains for hiking, skiing [GORE].

Executive Summary

NAPA[main tenant] AT LOCATION FOR ~ 20 YRS, W/TWO RESIDENTIAL TENANTS ABOVE. POTENTIAL UPSIDE FOR FRANCHISEE TO TAKE OVER FROM CORPORATE & EXPAND. NNN LEASE-[NAPA], W/ INCREASES OVER BASE YR. OTHER POSSIBILITIES HERE TOO, GIVEN HOLIDAY, SEASONAL TRAFFIC to ADK's for hiking , skiing[GORE MTN], ETC. SELLER IS LOOKING TO EXPAND OTHER BUSINESS VENTURES. SALE ON RE-NOT BUSINESS. POTENTIAL TO ACQUIRE ANOTHER SITE W/NAPA AS TENANT-SEE 6058 RT 9, CHESTERTOWN. Financials available to qualified buyers/investors.

Property Facts

Sale Type
Investment
Sale Condition
Portfolio Sale
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
8,462 SF
Building Class
C
Year Built
1980
Price
£539,108
Price Per SF
£64
Tenancy
Single
Number of Floors
2
Building FAR
0.37
Land Acres
0.52 AC
Zoning
MU - Mixed Use
Parking
15 Spaces (1.77 Spaces per 1,000 SF Leased)
Frontage
146 ft on Main St

Amenities

  • Signage
  • Tenant Controlled HVAC
  • Wheelchair Accessible
  • Storage Space
  • Air Conditioning
  • Smoke Detector

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease End
  • Retailer
  • -
  • -
  • -

In 1925, a group of independent auto parts sellers met in Detroit to form the National Automotive Parts Association. Their mission was simple: Improve the distribution of auto parts to serve the people and businesses who increasingly relied on cars and trucks for their transportation needs. NAPA stores and warehouses, which were owned by a variety of member companies at the time, quickly became the go-to sources for parts. Carlyle Fraser, founder of Genuine Parts Company, served as a key NAPA contributor in its early years. Across the decades, Genuine Parts began to acquire the other NAPA member companies, and in 2012 became the last remaining member of NAPA, a brand with a reputation for quality parts, rapid availability, and knowledgeable people. Today, the NAPA Network offers hundreds of thousands of unique parts, distributed across many distribution centers, thousands of NAPA Auto Parts stores and even more NAPA Auto Care centers throughout the United States.

Tenant Industry SF OCCUPIED RENT/SF Lease End
Retailer - - -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
524000-210-012-0003-003-000-0000
Land Assessment
£40,061
Improvements Assessment
£147,961
Total Assessment
£188,023
  • Listing ID: 33718535

  • Date on Market: 03/07/2024

  • Last Updated:

  • Address: 3949 Main St, Warrensburg, NY 12885

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