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Professional Building on Route 17M

360 State Route 17m, Monroe, NY 10950

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For Sale

$2,900,000

High-quality brick building with five separate bays and ample parking.

Type:Commercial/Industrial

Property size:

9,754 SF

Price / SF:

$297/SF

HighLights

Prime location on Route 17M with high visibility and easy access.
Substantial brick building with 5 separate units.
Private parking lot with approximately 60 spaces.
Each unit has its own heating/AC/electrical (200 amps).
Unit 1 & 2 have a generator and drive‑through accommodations.
Built in 2000.

We can help!

Listing Contact

Diane T. Smith

For Sale

$2,900,000

High-quality brick building with five separate bays and ample parking.

Type:Commercial/Industrial

Property size:

9,754 SF

Price / SF:

$297/SF

Added:: Sep 30, 2024
Days on Market:: 623
Last Refresh:: May 19 at 8:50 pm

Property Features for 360 State Route 17m

General Information

Standard status: Active
Size: 9,754 SF
Property subtype: Commercial/Industrial

Building Details

Year Built: 2000

We can help!

Listing Contact

Diane T. Smith

Listing agent Diane T. Smith License #10301217369

Listing office Ellis Realty Commercial

Listing date Sep 30, 2024

Source Exitrealty

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Ellis Realty Commercial

HighLights

Prime location on Route 17M with high visibility and easy access.
Substantial brick building with 5 separate units.
Private parking lot with approximately 60 spaces.
Each unit has its own heating/AC/electrical (200 amps).
Unit 1 & 2 have a generator and drive‑through accommodations.
Built in 2000.

Overview

This high-quality brick-built professional building is situated in a prime location on Route 17M, offering visible and easy access. The substantial structure features five separate bays and is sited on its own private parking lot with approximately 60 spaces. Unit 1 offers 2910 square feet, Unit 2 provides 1939 square feet, Unit 3 has 1766 square feet, Unit 4 includes 1596 square feet, and Unit 5 comprises 1543 square feet. Each unit is equipped with its own heating, air conditioning, and electrical system with 200 amps. Units 1 and 2, formerly a bank, feature a generator and include office and drive-through accommodations. Units 1, 2, 4, and 5 each have two lavatories, while Unit 3 has one. This property is located in GB zoning and presents an exceptional opportunity for investors or owner-users.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$262.2k	$26.88
− Vacancy	−$44.6k	−$4.57
EGI	$217.6k	$22.31
− OpEx	−$54.4k	−$5.58
NOI	$163.2k	$16.73

9,754 SF · lease $26.88/SF/yr · vacancy 17.00% · expense 25.00%

Alternative Uses

Best Use

Office B

$2.33M

$2.04M – $2.72M (±1% cap)

NOI $163,212 @ 7.0% cap · market cap 5.63%

Second Best

—

no second resolved use

Theoretical Best

Office A

$3.30M

$2.89M – $3.85M (±1% cap)

NOI $231,249 @ 7.0% cap · market cap 7.97%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Office buildings

Suggested Use

Location Insight

Map
Local Demand

City: Monroe
County: Orange
State: New York
Longitude: -74.1663
Latitude: 41.3152

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For sale
Office buildings
NY
Monroe
10950
360 State Route 17m

What type of property is this?

Office building - High-quality brick building with five separate bays and ample parking.

Where is this office building located?

The property is located at 360 State Route 17m Monroe, NY.

What is the asking price?

The asking price for this property is $2,900,000.

What are key features of this property?

This property features: Prime location on Route 17M with high visibility and easy access.; Substantial brick building with 5 separate units.; Private parking lot with approximately 60 spaces.