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4115-4125 RT 28 BOICEVILLE, NY 12412
- Commercial / Resale (MLS)
Property Details for 4115-4125 RT 28, BOICEVILLE, NY 12412
Features
- Lot Size: 86249
- Total Rooms: 3
- Room List: Bathroom 1, Bathroom 2, Bathroom 3
- Stories: 200
- Heating: Forced Air Heating
Facts
- Year Built: 01/01/1970
- Property ID: 897300740
- MLS Number: 11290214
- Parcel Number: 514000 36.11-1-11
- Property Type: Commercial
- County: ULSTER
- Listing Status: Active
Sale Type
This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.
Description
This listing is NOT a foreclosure. This strip plaza is located on State Route 28, with a daily traffic count of 7,000 vehicles. It is situated at the gateway to the Catskills and offers over 42,000 square feet of commercial space. The plaza consists of a large commercial building and 4 attached stores/service shops. It is conveniently located next to the area's largest grocery/shopping center and across the street from the local high school. The high-traffic location ensures year-round business from surrounding homeowners, skiers, tourists, and local development. The property is in very good condition and has municipal sewer access. The large commercial space, previously used as a lumber yard and salvage retail store, offers over 35,000 square feet of office, retail, and warehouse space with excellent visibility from State Route 28. The building has updated systems, including the roof, heating, and cooling units. The tenant base is solid, with a Post Office, Restaurant, Woodstock Antiques, and Caf /Catering already occupying the space. The vacant large commercial storefront with warehouse space is available for lease at $4,500 monthly. For potential buyers, it's important to note that the sale of the building comes with a non-compete restriction for the grocery business next door for 10 years. At the asking price with the vacant large commercial space, the Cap rate is approximately 6%. Please refer to the associated documents for more information on income and expenses related to the property.
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Copyright © 2024 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
All information provided is deemed reliable, but is not guaranteed and should be independently verified.