8023 Washington StHarrisville, NY 13648

For Sale
$1,400,000

65,000 SF Flex Space, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional Harrisville, NY industrial property offers a compelling investment opportunity. Priced at $1,400,000, this net-leased asset boasts a substantial 65,000 square feet of space, encompassing flexible, manufacturing, and warehouse areas. Situated on a sprawling 40.9-acre lot, the property includes eight buildings, featuring a main office with an attached warehouse, two loading docks, two pole barns (150x50 and 125x50 feet), a wood kiln, and a brand-new truck scale. Ample outdoor storage is available, along with 10 parking spaces. The property underwent complete renovations in 2023, presenting a move-in ready condition for immediate occupancy. A second warehouse, while partially demolished, retains its concrete slab, offering significant redevelopment potential. The property's high NOI of $180,000 translates to an attractive 12.86% cap rate. The lease commenced August 1st, 2024, under a triple-net (NNN) lease structure. The property is currently tenanted by a single entity with no credit rating provided. This turnkey industrial complex presents a rare opportunity to acquire a high-yield, multi-functional property in a desirable location. The combination of existing infrastructure and expansive land provides significant flexibility for a variety of business operations. The asking price of $21.54 per square foot reflects the property's exceptional value and potential for future growth.

Highlights

  • $1,400,000 asking price for a 65,000 SF net-leased industrial property in Harrisville, NY.
  • 40.9-acre lot with eight buildings including a main office/warehouse, two loading docks, two pole barns (150x50' and 125x50'), wood kiln, and new truck scale.
  • Complete renovations in 2023; move-in ready condition.
  • $180,000 NOI, resulting in a 12.86% cap rate.
  • Triple-net (NNN) lease commenced August 1, 2024, with a single tenant.

Property Details for 8023 Washington St

Property type
Other warehouses, Other industrial properties
Square Feet
65,000 SF
Year Renovated
2023
Buildings
8
Lot Size (sq. ft)
1,781,604 SF

Location Insight

City
Harrisville
County
Lewis
State
New York
Latitude
44.153595780072
Longitude
-75.330675688316
8023 Washington St, Harrisville, New York
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8023 Washington St
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