68 W Front Street Ext
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68 W Front Street Ext
8,125 SF Industrial Building Hancock, NY 13783 £402,962 (£50/SF) 11.97% Net Initial Yield
Executive Summary
Arguably the best value in Upstate New York. This commercial property presents an exceptional opportunity for entrepreneurs and businesses looking for a versatile space in a cannabis-opted-in town. With a generous size of 8,125 square feet and situated on a spacious 1-acre lot, this property offers ample room for various business endeavors. Presently zoned as retail, variance is available for industrial/light manufacturing/Multifamily/nursing/medical use.
Conveniently located near the Pennsylvania border and adjacent to the highway, this property enjoys excellent visibility and accessibility. Its proximity to the highway ensures easy transportation of goods and convenient access for employees, customers, and suppliers, making it an ideal location for businesses seeking seamless connectivity to nearby regions.
Hancock, known for its natural beauty and welcoming community, provides an ideal setting for businesses looking to thrive in a cannabis-opted-in town. The favorable cannabis opt-in status opens up exciting possibilities for cannabis-related businesses, allowing them to establish a presence in a supportive environment with favorable regulations.
What makes this property even more appealing is the availability of a variance for industrial use. This means that businesses interested in manufacturing, processing, or any other industrial activities can take advantage of the existing infrastructure and zoning permissions, streamlining the process of starting operations and achieving business objectives.
The former Family Dollar building offers a flexible interior layout that can be tailored to suit the specific needs of your business. Whether you envision a cannabis cultivation facility, a distribution center, or any other industrial venture, the property's size and layout provide ample space for customization and growth.
Contact us today to learn more and schedule a viewing of this exceptional commercial property!
Conveniently located near the Pennsylvania border and adjacent to the highway, this property enjoys excellent visibility and accessibility. Its proximity to the highway ensures easy transportation of goods and convenient access for employees, customers, and suppliers, making it an ideal location for businesses seeking seamless connectivity to nearby regions.
Hancock, known for its natural beauty and welcoming community, provides an ideal setting for businesses looking to thrive in a cannabis-opted-in town. The favorable cannabis opt-in status opens up exciting possibilities for cannabis-related businesses, allowing them to establish a presence in a supportive environment with favorable regulations.
What makes this property even more appealing is the availability of a variance for industrial use. This means that businesses interested in manufacturing, processing, or any other industrial activities can take advantage of the existing infrastructure and zoning permissions, streamlining the process of starting operations and achieving business objectives.
The former Family Dollar building offers a flexible interior layout that can be tailored to suit the specific needs of your business. Whether you envision a cannabis cultivation facility, a distribution center, or any other industrial venture, the property's size and layout provide ample space for customization and growth.
Contact us today to learn more and schedule a viewing of this exceptional commercial property!
Financial Summary (Actual - 2022) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£54,038
|
£6.65
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£54,038
|
£6.65
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2022)
| Gross Rental Income | |
|---|---|
| Annual | £54,038 |
| Annual Per SF | £6.65 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £54,038 |
| Annual Per SF | £6.65 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Amenities
- Signage
- Storage Space
- Recessed Lighting
- Air Conditioning
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PROPERTY TAXES
| Parcel Number | 123601-428-016-0002-023-310 | Improvements Assessment | £39,220 (2023) |
| Land Assessment | £10,197 (2023) | Total Assessment | £49,418 (2023) |
PROPERTY TAXES
Parcel Number
123601-428-016-0002-023-310
Land Assessment
£10,197 (2023)
Improvements Assessment
£39,220 (2023)
Total Assessment
£49,418 (2023)
zoning
| Zoning Code | C1 (Variance in process for Industrial use - Multiple uses allowed including, cannabis, warehouse, industrial, office, food/restaurant, transportation...) |
| C1 (Variance in process for Industrial use - Multiple uses allowed including, cannabis, warehouse, industrial, office, food/restaurant, transportation...) |
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Revankar Holdings
68 W Front Street Ext
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