Retail Property Sale
For Sale
Contact for pricing
Pending
3235-3229 State St, Caledonia, NY 14423
Two-unit retail property with sale lease-back opportunity.
Property Size6,108 SF
Days on Market1412
Property Features for 3235-3229 State St
General Information
Standard status
Pending
Size
6,108 SF
Property subtype
Retail
Listing Agency:
Legacy Real Estate
(888) 737-2264
Listed By:
Dominic Shamany · License #MI #6501439800
Source:
Crexi
Added: Oct 9, 2022
Changed: Jul 6
Last Checked: Aug 18 at 10:45PM
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 Legacy Real Estate
Investment Insights
Based on property information with market context.
This property features two free-standing retail units situated on a single tax parcel in Caledonia, New York. The property is currently configured as an Upstate Bottle Return, operating under a 5-year sale lease-back agreement effective at the close of escrow. The lease is structured as an absolute NNN lease, assigning zero landlord responsibilities. The second unit, comprising 2,100 square feet, is occupied by a smoke shop under a gross lease agreement. The property offers a 10.27% capitalization rate.
Key Highlights
- Absolute NNN lease structure provides zero landlord responsibilities.
- High 10.27% CAP rate.
- Benefit from a 5‑year sale lease‑back at close of escrow.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
201
Businesses Nearby
6k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Sunoco
Shops & Services
4,171 visits/mo
0.3 miles
Five Star Bank
Shops & Services
1,380 visits/mo
0.2 miles
Demographics for 14423, NY
4,557
Population
2,166
Households
2.1
Avg Household Size
45
Median Age
36%
College-Educated
97%
High-School Grad
48.3 sq mi
ZIP Area
94
Density / Sq Mi
$80,129
Median Household Income
$45,625
Median Earnings
$1,010
Median Rent
$181,800
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Two-unit retail property with sale lease-back opportunity.
Where is this retail space located?
The property is located at 3235-3229 State St Caledonia, NY.
What is the asking price?
The asking price for this property is $284,999.
What are key features of this property?
This property features: Absolute NNN lease structure provides zero landlord responsibilities.; High 10.27% CAP rate.; Benefit from a 5‑year sale lease‑back at close of escrow.
