345 Cornelia St Plattsburgh, NY 12901

This exceptional investment property located at 345 Cornelia St, Unit 345, Plattsburgh, NY, offers a compelling opportunity for savvy investors. The 12,500 square foot retail building sits on a 0.57-acre lot and boasts a strong tenant roster, ensuring consistent income generation. An anchor tenant, Curaleaf Medical Cannabis Dispensary, is secured with a new 8-year triple net (NNN) lease, providing long-term stability. Additional tenants include Shumway Insurance Agency, under a 5-year lease with escalations, and Tech Cellar Cellphone Repair, a 9-year tenant. The remaining space is occupied by professional offices. The property also includes a valuable asset: a 20 x 40 heated garage with a 14-foot overhead door, adding further utility and potential income streams. The property currently enjoys an 8% capitalization rate. Detailed financial information, including income and expense statements, will be provided upon execution of a non-disclosure agreement (NDA) and verification of the buyer's financial capacity. The seller is open to considering a 1031 exchange involving smaller properties, residential properties, land, income-producing properties, or other suitable assets. Creative financing options will also be considered. Property taxes reflect the current assessed value.