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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

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.
More about this property
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