Bulk Sale-Property & Floral Fashions Business | 78-80 Purdy Ave
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Bulk Sale-Property & Floral Fashions Business 78-80 Purdy Ave
5,771 SF Retail Building Port Chester, NY 10573 $2,950,000 ($511/SF)
Investment Highlights
- BULK SALE of the Real Estate and the Floral Shop / Garden Center Business
- Well established and very successful floral & garden center business as Tenant.
- Owner "may" consider financing.
- Real Estate may also be leased in conjunction with the sale of the business.
- Centrally located to all highways - I-287, I-95, I-684, Merritt & Hutchinson River Parkways. Within a few blocks of Metro North RR.
Executive Summary
REAL ESTATE & FLORAL BUSINESS ARE FOR SALE AS A PACKAGE. A rare opportunity awaits the right purchaser to acquire a very well established and successful, Floral Fashions shop & Gardening Center Business, PLUS its Real Estate both of which are currently owned and operated under single management. Located in Port Chester, NY which in and of itself is experiencing dramatic and significant growth with new real estate development and investment, the Floral Fashions brand has been in business at this important crossroads of southern Westchester County for 47 years. (ALSO: See the "Business For Sale" listing of Floral Fashions in BizBuySell.com for further details).
With the owner's decision to retire, this turnkey offering with "Floral Fashions" as the sole tenant, will allow the purchaser the unique ability to walk in and hit the ground running with a well-positioned and strong going-concern business. The asking price for the PACKAGE includes: the REAL ESTATE improved with a 1.5 story, 5,771sf masonry building with greenhouse and warehouse areas PLUS; the FLORAL FASHIONS / GARDEN CENTER BUSINESS with its entire and robust product inventory consisting of but not limited to its outstanding nursery of cut flowers and live plants (tropical, seasonal and landscape), glassware, pots and basketry, all of the display racks, work tables, FF&E, three (3) Ford delivery vehicles plus a Mitsubishi forklift and the business POS system, all INCLUDED in the asking price.
The Real Estate, which makes up a portion of the asking price and is an “as of right” use, consists of the following:
The Building:
a.) A 1.5 story masonry building containing a GBA of approximately 5,771 is broken down with 4,221sf ± on the 1st floor plus an additional
1,550sf± on the 2nd floor.
b.) An outdoor greenhouse/nursery/display area (not included in square footage above) is beneath a trellis attached to the front of the
building and contains approximately an additional 400sf ±. (See the floor plan sketch).
The lot:
a.) The primary land area consists of two adjoining tax lots which contain a total of approximately 7,014 square feet. (The building and
greenhouse segments cover the entire area).
Rented rear land:
a.) Behind the subject's 7,014 square foot lot on which the building is set is an outdoor nursery which is rented and operated by Floral
Fashions totaling an additional 3,416 square feet ±. This property is also characterized as "rear land" and is owned by two adjacent
property owners. It is completely covered with additional live inventory owned by Floral Fashions in the form of living plants and trees
thereby bringing its total ground floor display and growing area to approximately 10,430sf±. (7,014sf + 3,416sf = 10,430sf ± or .24ac).
This rear land is NOT part of the purchase price but may be leased separately from the adjacent property owners to continue the
tenancy if the purchaser choses to do so.
From its smallest individual customer to its impressive list of corporate clients, Floral Fashions offers a special advantage and opportunity for an investor or entrepreneur to position themselves for continued growth and profitability. During the nearly ten decades it has been in business, the Floral Fashions brand has gained a strong and enviable reputation of providing high levels of quality merchandise and service throughout the tri-state area with its loyal and solid customer base thereby strengthening its position as a very stable and viable Tenant in this location.
In lieu of selling the real estate, owners may consider a lease to the purchaser of the floral business.
Additional financial information for the floral shop business will be made available on receipt of a Non Disclosure Agreement, Letter of Intent and Proof of Funds from a qualified buyer. (Also see BizBuySell.com).
With the owner's decision to retire, this turnkey offering with "Floral Fashions" as the sole tenant, will allow the purchaser the unique ability to walk in and hit the ground running with a well-positioned and strong going-concern business. The asking price for the PACKAGE includes: the REAL ESTATE improved with a 1.5 story, 5,771sf masonry building with greenhouse and warehouse areas PLUS; the FLORAL FASHIONS / GARDEN CENTER BUSINESS with its entire and robust product inventory consisting of but not limited to its outstanding nursery of cut flowers and live plants (tropical, seasonal and landscape), glassware, pots and basketry, all of the display racks, work tables, FF&E, three (3) Ford delivery vehicles plus a Mitsubishi forklift and the business POS system, all INCLUDED in the asking price.
The Real Estate, which makes up a portion of the asking price and is an “as of right” use, consists of the following:
The Building:
a.) A 1.5 story masonry building containing a GBA of approximately 5,771 is broken down with 4,221sf ± on the 1st floor plus an additional
1,550sf± on the 2nd floor.
b.) An outdoor greenhouse/nursery/display area (not included in square footage above) is beneath a trellis attached to the front of the
building and contains approximately an additional 400sf ±. (See the floor plan sketch).
The lot:
a.) The primary land area consists of two adjoining tax lots which contain a total of approximately 7,014 square feet. (The building and
greenhouse segments cover the entire area).
Rented rear land:
a.) Behind the subject's 7,014 square foot lot on which the building is set is an outdoor nursery which is rented and operated by Floral
Fashions totaling an additional 3,416 square feet ±. This property is also characterized as "rear land" and is owned by two adjacent
property owners. It is completely covered with additional live inventory owned by Floral Fashions in the form of living plants and trees
thereby bringing its total ground floor display and growing area to approximately 10,430sf±. (7,014sf + 3,416sf = 10,430sf ± or .24ac).
This rear land is NOT part of the purchase price but may be leased separately from the adjacent property owners to continue the
tenancy if the purchaser choses to do so.
From its smallest individual customer to its impressive list of corporate clients, Floral Fashions offers a special advantage and opportunity for an investor or entrepreneur to position themselves for continued growth and profitability. During the nearly ten decades it has been in business, the Floral Fashions brand has gained a strong and enviable reputation of providing high levels of quality merchandise and service throughout the tri-state area with its loyal and solid customer base thereby strengthening its position as a very stable and viable Tenant in this location.
In lieu of selling the real estate, owners may consider a lease to the purchaser of the floral business.
Additional financial information for the floral shop business will be made available on receipt of a Non Disclosure Agreement, Letter of Intent and Proof of Funds from a qualified buyer. (Also see BizBuySell.com).
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Bulk/Portfolio Sale
Property Type
Retail
Property Subtype
Building Size
5,771 SF
Building Class
C
Year Built
2005
Price
$2,950,000
Price Per SF
$511
Tenancy
Single
Building Height
1 Story
Building FAR
0.82
Lot Size
0.16 AC
Zoning
CD-5 - CD-5 "Urban Center Character District"
Both, the business and real estate are legally conforming in the CD-5 Zoning District.
Frontage
62 FT on Purdy Avenue
Amenities
- Mezzanine
- Storage Space
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Floral Fashions
- Retailer
- 99,999 SF
- -
- Lorem Ipsum
- -
Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
Floral Fashions | Retailer | 99,999 SF | - | Lorem Ipsum | - |
Walk Score ®
Very Walkable (88)
Nearby Major Retailers
PROPERTY TAXES
Parcel Numbers | Improvements Assessment | $558,000 | |
Land Assessment | $323,400 | Total Assessment | $881,400 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$323,400
Improvements Assessment
$558,000
Total Assessment
$881,400
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Bulk Sale-Property & Floral Fashions Business | 78-80 Purdy Ave
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