Upstate Bottle Return and Vacancy Opportunity | 3229-3235 State St
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Upstate Bottle Return and Vacancy Opportunity 3229-3235 State St
3,908 SF 100% Leased Retail Building Caledonia, NY 14423 $310,000 ($79/SF) 5.81% Cap Rate
Investment Highlights
- Upstate Bottle Return - 15 Year Sale Leaseback at COE
- 2 Unit Free Standing Retail Properties - Located in Caledonia, NY
- 25 Minute Commute to Greater Rochester International Airport
- Absolute NNN Lease Structure with Zero Landlord Responsibilities
- Minimal Retailer Competition within Nearby Area of Sites
- Caledonia-Rochester, NY MSA - TOP 55 - Ranked #52 in the U.S.A
Executive Summary
For Sale:
Upstate Bottle Return & Vacancy
Upstate Bottle Return & Vacancy
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$18,000
|
$4.61
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$18,000
|
$4.61
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $18,000 |
| Annual Per SF | $4.61 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $18,000 |
| Annual Per SF | $4.61 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
3,908 SF
Building Class
C
Year Built
1960
Price
$310,000
Price Per SF
$79
Cap Rate
5.81%
NOI
$18,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.09
Lot Size
0.96 AC
Zoning
Caledonia
Parking
15 Spaces (3.84 Spaces per 1,000 SF Leased)
Frontage
69 FT on North St
Amenities
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 242201-008-009-0002-059-000-0000 | Improvements Assessment | $120,500 |
| Land Assessment | $29,600 | Total Assessment | $150,100 |
PROPERTY TAXES
Parcel Number
242201-008-009-0002-059-000-0000
Land Assessment
$29,600
Improvements Assessment
$120,500
Total Assessment
$150,100
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Upstate Bottle Return and Vacancy Opportunity | 3229-3235 State St
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