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151 Greenwich Ave Goshen, NY 10924

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For Sale
$2,700,000

Two-building retail complex with income and value-add potential.

Lot size:
0.81 Acres

Property Features for 151 Greenwich Ave

General Information

Standard status
Active
Lot size
0.81 Acres

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Listing Contact
Jason L Mcgovern
Source: Corcoran

Listing Agency: KELLER WILLIAMS HUDSON VALLEY Listing Agent: Jason L Mcgovern

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

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Overview

High-Visibility Retail Investment Opportunity

This two-building retail complex is located at the main entrance of the historic Village of Goshen. Building #1, approximately 7,300 square feet, is an established retail beverage center. It is under a 10-year NNN lease, currently in its second year, with 3% annual increases until May 31, 2034. The current annual rent is $7210 per month. Building #2, formerly a retail food location, is approximately 1,836 square feet. It is subject to a 5-year NNN lease extension, with 3% annual increases until January 4, 2030. The current annual rent is $2831 per month. This building offers a value-add component for a new tenant or a turnkey space for a buyer-user. Tenants are responsible for all operational expenses (Beer World 75%, OC Bagel 25%), with the landlord responsible for the structure and roofs. The property features a paved parking lot, municipal water and sewer, and natural gas service. This is an opportunity for passive investors seeking consistent, low-management income and active investors looking to enhance value by placing a new tenant in the vacant space. It also represents a proposition for an owner-user who can occupy the front building while benefiting from the income generated by the rear tenant.
Location Intelligence

Current Use by Public Records

Orange County Bagel (Bike/Boat/Book/etc) Store Beer World Inc (Bike/Boat/Book/etc) Store LibertyX Bitcoin ATM Atm

Suggested Use

Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

Similar Places Nearby

Goshen Plaza

Location Insight

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  • Local Demand
City
Goshen
County
Orange
State
New York
Longitude
-74.3258551
Latitude
41.4005429

FAQs

What type of property is this?
Shopping center - Two-building retail complex with income and value-add potential.
Where is this shopping center located?
The property is located at 151 Greenwich Ave Goshen, NY.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: - High-visibility location at the main entrance to the historic Village of Goshen.; - Secure, in-place cash flow from established retail beverage center (Building #1) with a 10-year NNN lease and annual rent increases.; - **Value-add opportunity with vacant Building #2, subject to a 5-year NNN lease extension, suitable for a new tenant or owner-user.**
More about this property
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