Bldg. 1 | 1 Hemphill Pl
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Bldg. 1 1 Hemphill Pl
29,478 SF 100% Leased Retail Building Malta, NY 12020 $3,825,000 ($130/SF) 7% Cap Rate
Investment Highlights
- Excellent location near major highways
- Attractive and well maintained
- Close to Global Foundries Chip Fab Plant
Executive Summary
Excellent retail/office opportunity in fast growing Malta with easy access to I-87 and Route 9, stones throw to Global Foundries chip fab! 3 free standing buildings on one parcel, one of three parcels being offered, can be purchased together or separately. 100% occupied. Underlying zoning is DX-3 (Downtown Mixed Use), allowing for high density commercial and residential development.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
29,478 SF
Building Class
B
Year Built
1989
Price
$3,825,000
Price Per SF
$130
Cap Rate
7%
NOI
$267,750
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.13
Lot Size
5.29 AC
Zoning
DX-3 - Downtown Mixed Use
Parking
230 Spaces (7.8 Spaces per 1,000 SF Leased)
Frontage
199 FT on Hemphill Pl
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 414089-229-004-0002-031-000-0000 | Improvements Assessment | $1,759,700 |
| Land Assessment | $1,190,300 | Total Assessment | $2,950,000 |
PROPERTY TAXES
Parcel Number
414089-229-004-0002-031-000-0000
Land Assessment
$1,190,300
Improvements Assessment
$1,759,700
Total Assessment
$2,950,000
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Bldg. 1 | 1 Hemphill Pl
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