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    306 Center St Medina, NY 14103

    Sponsored
    For Sale
    $165,000

    High-Cap Rate Retail Property in Medina, NY

    Property size:
    2,209 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a 2,209 square foot commercial property located at 306 East Center Street, Medina, NY 14103. The property, built in 1960 and zoned for commercial use, boasts a 10% cap rate and is currently 100% occupied under a triple net (NNN) lease. The single tenant, the current owner, is prepared to sign a new lease-back agreement, offering a stable income stream. Lease options include a 5-year lease with two 5-year renewal options, or a 10-year lease, providing flexibility and long-term security. The asking price is $165,000. The property features seven parking spaces and is situated on a high-traffic road, enjoying excellent visibility near the intersection of East Center and Main Streets, with a daily traffic count of 3,044 vehicles. The monthly rent is $1,500. Additional storage is available in an on-site garage. The property's APN is 343401-080-009-0001-051-011. This property combines a strong cap rate, a secure lease, and a prime location, making it an attractive investment for discerning buyers. The property is classified as both retail and industrial.

    Property Features for 306 Center St

    General Information

    Property type
    Industrial properties
    Square Feet
    2,209 SF

    Building Details

    Year Built
    1960
    Property Profile Location Intelligence

    Current Use by Public Records

    Upstate Bottle Return ... Recycling Center

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Medina
    County
    Orleans
    State
    New York
    Longitude
    -78.382833
    Latitude
    43.2201695

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    FAQs

    What type of property is this?
    Industrial property - High-Cap Rate Retail Property in Medina, NY
    Where is this industrial property located?
    The property is located at 306 Center St Medina, NY.
    What is the asking price?
    The asking price for this property is $165,000.
    Request Owner's contact information
    306 Center St Medina, NY 14103
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    Medina, NY 14103
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    306 Center St Medina, NY 14103
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