54 State St
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54 State St
12,464 SF Retail Building Holley, NY 14470 £587,397 (£47/SF) 9.30% Net Initial Yield
Executive Summary
Attention all investors. Don't miss this great opportunity to own this commercial property with endless possibilities. With 9.3% Cap Rate on commercial property you can't go wrong with this one. Mixed use of 45 units including Auto repair shop, Auto body, Hair salon plus 42 storage units of variety of sizes. Very low vacancy rate. Well establish businesses been there for long period of time. All this sits om 2.20 acres with extra room for more storage units if needed. Financials will be provided upon request.
Property Facts
Sale Type
Investment
Sale Condition
Portfolio Sale
Property Type
Retail
Property Subtype
Auto Repair
Building Size
12,464 SF
Building Class
C
Year Built
1956
Price
£587,397
Price Per SF
£47
Net Initial Yield
9.30%
NOI
£54,628
Tenancy
Single
Number of Floors
1
Building FAR
0.13
Lot Size
2.20 AC
Zoning
C1 - C1 Commercial Zoning
Parking
50 Spaces (4.01 Spaces per 1,000 SF Leased)
Frontage
169 ft on State St
PROPERTY TAXES
| Parcel Number | 343201-088-005-0002-063-011 | Improvements Assessment | £192,143 |
| Land Assessment | £12,376 | Total Assessment | £204,520 |
PROPERTY TAXES
Parcel Number
343201-088-005-0002-063-011
Land Assessment
£12,376
Improvements Assessment
£192,143
Total Assessment
£204,520
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54 State St
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