4115 Rt-28, Olive, (Boiceville), NY, 12412
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 cafe/catering already occupying the space. The vacant large commercial storefront with warehouse space is available for lease at $4,500 per month. 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. Additional Information: ParkingFeatures:1 Car Detached,
Status:
Active
Town:
Olive
Type:
Commercial
Units:
7
Heating:
Propane, Forced Air
Cooling:
Central Air, Wall/Window Unit(s)
Parking:
1-car, Detached
Acreage:
1.98
Est. Taxes:
$13,885
Assessment
$950,000
Construction
Block
School District:
Onteora
Days on Market:
60
MLS #:
H6305129
Community Info
School Info
Walk Score
Mass Transit
Yelp
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Listing courtesy of Berardi Realty 845-201-1111