OLIVE NY - ID: 20200676
On the Market
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  • Price: $850,000
  • Sq. Feet: 42,000
  • Acreage: 1.98
  • Year Built: 1970
  • School District: ONTEORA CENTRAL
  • CONTACT
    Grist Mill Real Estate
    (800) 664-5503
    gristmill@gristmillrealestate.com
Property Type: Mixed Use

Description: HOW ABOUT A STRIP MALL LOCATED ON BUSY STATE ROUTE 28 ON THE GATEWAY TO THE CATSKILLS FOR YOUR INVESTORS. 42, 000 + SF OFFERS LARGE COMMERCIAL SPACE PLUS 4 ADDITIONAL ESTABLISHED ATTACHED STORES & BUSINESSES. THE LARGE COMMERCIAL SPACE, CURRENTLY VACANT OFFERS LARGE DISPLAY WINDOWS, SHOWROOMS, LOADING DOCKS, OVERHEAD DOORS AND PLENTY OF WAREHOUSE SPACE. THE HIGH VISIBILITY IT OFFERS FROM ROUTE 28 IS IDEAL FOR ANY BUSINESS ENDEAVOR. THE PLAZA FEATURES SOLID ESTABLISHED BUSINESSES SUCH AS A POST OFFICE, CHINESE RESTAURANT, HAIR SALON & CAFE/CATERING BUSINESS. THE PROPERTY IS LOCATED ADJACENT TO THE AREAS LARGEST GROCERY/SHOPPING CENTER AND ACROSS STREET FROM ONTEORA HIGH SCHOOL. THE PROPERTY HAS MUNICIPAL SEWER AND IS IN VERY GOOD CONDITION. THE UPDATED SYSTEMS IN THE BUILDING INCLUDE ROOF, HEATING, COOLINGS UNITS IN THE LAST 10 YEARS. THERE IS ALSO A 3 PHASE ELECTRIC SYSTEM IN THE BUILDING. THE PRIOR USE OF THE BUILDING WAS A LUMBERYARD AND RETAIL SALVAGE BUSINESS. SALE OF BUILDING WOULD CARRY A NON-COMPETE CLAUSE RESTRICTION FOR A GROCERY BUSINESS NEXT DOOR FOR 10 YEARS
THE 37, 000 SF OF OFFICE, RETAIL AND WAREHOUSE SPACE IS CURRENTLY AVAILABLE FOR RENT. THE COMMERCIAL SPACE WOULD BE AVAILABLE FOR LEASE AT $9, 000/MO


FEATURES:
NUMBER OF UNITS: 5
WATER: Well
ZONE: 02 Retail Outle
LOT DIMENSIONS: Irreg
ELECTRICITY: 200 Amps, Circuit Breakers, Three Phase
LOT FEATURES: Additional Land Available, Level, Landscaped, Parking Lot
LOT/SITE: Hamlet/Village, Shopping Mall
ROAD FRONTAGE: Paved, State Road

Listing courtesy of: Catskill Mountain Inc. / Listing Agent: Scott Miller
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