Rite Aid | 226 W Bridge St
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Rite Aid 226 W Bridge St
11,084 SF Retail Building Catskill, NY 12414 $1,850,000 ($167/SF) 10.94% Cap Rate
Executive Summary
Stephen P. Wald Real Estate Assoc., Inc. is pleased to present the exclusive listing for a dark Rite Aid in Catskill, NY. Located at the
corner of a 5-way lighted intersection of Highway 9W and Cauterskill Avenue. The site consists of a free standing 11,084 sq ft building with a drive-thru on a 1.80 acre parcel of land. The former Rite Aid location is currently leased and guaranteed byWalgreens through November 2025 with 1.9 years remaining. Walgreens is responsible for all taxes, maintenance, and insurance. Collect rent while you make a plan to redevelop the property!
corner of a 5-way lighted intersection of Highway 9W and Cauterskill Avenue. The site consists of a free standing 11,084 sq ft building with a drive-thru on a 1.80 acre parcel of land. The former Rite Aid location is currently leased and guaranteed byWalgreens through November 2025 with 1.9 years remaining. Walgreens is responsible for all taxes, maintenance, and insurance. Collect rent while you make a plan to redevelop the property!
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
11,084 SF
Building Class
B
Year Built
1997
Price
$1,850,000
Price Per SF
$167
Cap Rate
10.94%
NOI
$202,373
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
1.80 AC
Opportunity Zone
Yes
Zoning
05 - Commercial
Parking
32 Spaces (2.89 Spaces per 1,000 SF Leased)
Frontage
399 FT on W Bridge St
Amenities
- Signalized Intersection
- Drive Thru
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 192601-171-008-0002-017-000-0000 | Improvements Assessment | $434,500 |
| Land Assessment | $300,000 | Total Assessment | $734,500 |
PROPERTY TAXES
Parcel Number
192601-171-008-0002-017-000-0000
Land Assessment
$300,000
Improvements Assessment
$434,500
Total Assessment
$734,500
Contacts
-
Stephen Wald -
Cody Parker Hellberg -
Genoveva Ciornei -
Stephen P Wald Real Estate Assoc, Inc.
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Rite Aid | 226 W Bridge St
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