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502 Columbia Pike New Lebanon, NY 12125

Sponsored
For Sale
$2,700,000

100% Leased, 7-Tenant Retail Complex

Property size:
14,488 SF

Description

Added:
Dec 11, 2024
Days on Market:
392
This exceptional investment opportunity presents a fully leased, multi-tenant retail center in New Lebanon, NY. The property, located at 502 Columbia Pike, comprises two single-story buildings totaling 14,488 square feet on a 2-acre lot. Built in 1970 and extensively renovated in 2019, the Class B property boasts 67 parking spaces and features a diverse tenant mix including a bank, USPS, Family Dollar, and others. Seven long-term tenants ensure stable income with a current Net Operating Income (NOI) of $202,306 and a 7.50% cap rate. The property enjoys 100% occupancy with a remaining lease term of 5 years. The asking price is $2,700,000, and seller financing may be available to qualified buyers with a suitable down payment. The property's strong cash flow, diverse tenancy, and prime location make it an attractive investment prospect. All offers must include proof of funds. The property features approximately 247 feet of road frontage. The legal description is APN 104800-019-002-0001-048-000-000, and the property is offered fee simple. Cash offers and third-party financing offers are accepted.

Property Features for 502 Columbia Pike

General Information

Property type
Lifestyle centers
Square Feet
14,488 SF
Class
B
Lot Size
87,120 SF

Building Details

Year Built/Renovated
1970/2019
Buildings
2
Stories
1
Units
7

HighLights

  • 100% occupancy, fully leased retail center.
  • Stable tenant base with long‑term leases.
  • Seller financing may be available to qualified buyers.
Property Profile Location Intelligence

Current Use by Public Records

Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

Suggested Use

Restaurant Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hotel & Motel Department Store Skin Care Clinic Auto Parts Store Kitchen & Bath

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

Location Insight

  • Map
  • Local Demand
City
New Lebanon
County
Columbia
State
New York
Longitude
-73.3909351
Latitude
42.4679334

FAQs

What type of property is this?
Lifestyle center - 100% Leased, 7-Tenant Retail Complex
Where is this lifestyle center located?
The property is located at 502 Columbia Pike New Lebanon, 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: 100% occupancy, fully leased retail center.; Stable tenant base with long-term leases.; Seller financing may be available to qualified buyers.
More about this property
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