Awesome investment opportunity in the Village of Liberty. 18,720 square foot building with retail space, repair shop and warehouse storage on second level and plenty of parking. Building is masonry construction with 4 overhead doors and sprinkler system. Napa Auto Parts is the current tenant and has been there 5 years with option to renew for 2 more 5-year terms. The owner is currently installing brand new thermal plastic roof system with a 20-year warranty. Tenants pay utilities and light maintenance along with plowing, water and sewer and their insurance for contents. Two lots included in sale total 1.24+/- acres. Cap rate is 9.7% with increases!! Average cars per day 10,000 plus! High visibility location, near exit ramps for NY 17 / I-86. Also available as part of investor bundle with Monticello and Jeffersonville locations.
144 Mill Street, Liberty, NY, 12754
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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