1. New York
  2. New Hampton
  3. 5058 Route 17M
$500,000

5058 Route 17M, New Hampton, NY 10958

  • 810 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1996
  • Property Lot Size Icon0.35acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $617/sqft
  • Property List Date Icon Listed 2 months ago

Property Description

Great investment property with an 8.25 CAP rate. The property operates as a pre-owned auto dealership and is situated on a flat, corner lot with 100 feet of frontage on State Route 17M. The building features a clean showroom with a private office and is constructed with a frame and stone facade. The lot can accommodate approximately 50 vehicles, making it ideal for auto sales or other retail/service businesses. The location benefits from high visibility, with an average daily traffic count over 19,000 vehicles. This property is currently leased to a tenant with two years remaining on a five-year lease with built in increase as an agreed upon term. Tenant has an option for an additional five-year lease.

Listing Status:
Active
Listing Office:
Keller Williams Hudson Valley : 845-610-6065
MLS ID:
861078
  • A/C: Central AirWall/Window Unit(s)

This listing courtesy of Keller Williams Hudson Valley

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

S

Scotchtown Avenue School

118 Scotchtown Ave, Goshen, NY, 10924

Grades KG-2

4.88 miles away

C

C J Hooker Middle School

41 Lincoln Ave, Goshen, NY, 10924

Grades 6-8

4.78 miles away

G

Goshen Central High School

222 Scotchtown Rd, Goshen, NY, 10924

Grades 9-12

5.03 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.