4428 State Route 94
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4428 State Route 94
6,240 SF Industrial Building Florida, NY 10921 $4,977,000 ($798/SF) 7.71% Cap Rate
Executive Summary
This commercial property gives you the opportunity to own a cash cow investment, with 5.1 acres of commercial property leased for parking trucks, trailers, boats, RV's, used cars, a fully leased warehouse used as an auto repair shop, garages, and additionally it has 5 residential units.
Great location, just 4 minutes 3.4 miles off the Exit 126 Florida NY. This is a value-added opportunity, Since all units are rented under fair market value. In a high demand area which it's a good & easy investment since it doesn't require much maintenance, management, or repairs. This property can be redeveloped for about 100,000 sq ft industrial building, or you can just keep all the structures and build about 40,000 sf warehouse building.
Currently the property has storage and tenants in place generating a great monthly income.
Property is sold together with 4430 NY 94 Florida NY.
Great location, just 4 minutes 3.4 miles off the Exit 126 Florida NY. This is a value-added opportunity, Since all units are rented under fair market value. In a high demand area which it's a good & easy investment since it doesn't require much maintenance, management, or repairs. This property can be redeveloped for about 100,000 sq ft industrial building, or you can just keep all the structures and build about 40,000 sf warehouse building.
Currently the property has storage and tenants in place generating a great monthly income.
Property is sold together with 4430 NY 94 Florida NY.
Property Facts
| Price | $4,977,000 | Rentable Building Area | 6,240 SF |
| Price Per SF | $798 | No. Stories | 1 |
| Sale Type | Investment | Year Built | 1980 |
| Cap Rate | 7.71% | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 8.77/1,000 SF |
| Building Class | C | No. Drive In / Grade-Level Doors | 3 |
| Lot Size | 4.10 AC |
| Price | $4,977,000 |
| Price Per SF | $798 |
| Sale Type | Investment |
| Cap Rate | 7.71% |
| Property Type | Industrial |
| Building Class | C |
| Lot Size | 4.10 AC |
| Rentable Building Area | 6,240 SF |
| No. Stories | 1 |
| Year Built | 1980 |
| Tenancy | Single |
| Parking Ratio | 8.77/1,000 SF |
| No. Drive In / Grade-Level Doors | 3 |
PROPERTY TAXES
| Parcel Number | 333089-020-000-0001-025.110-0000 | Improvements Assessment | $147,900 |
| Land Assessment | $99,300 | Total Assessment | $247,200 |
PROPERTY TAXES
Parcel Number
333089-020-000-0001-025.110-0000
Land Assessment
$99,300
Improvements Assessment
$147,900
Total Assessment
$247,200
zoning
| Zoning Code | 04100 |
| 04100 |
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Eli Soto -
R New York
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4428 State Route 94
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