1159 Co Rd Granville, NY 12832
- Warehouses
- 50,000 SF
- 22.96 lot acres
Current Use by Public Records
- Warehouses
Property Details for 1159 Co Rd
- Year built
- 1990
- Lot size
- 22.96 lot acres
- Property size
- 50,000 SF
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
This exceptional Class A industrial warehouse, located at 1159 County Route 24 in Granville, New York (zip code 12832), presents a compelling investment opportunity. The 50,000-square-foot single-story building sits on a substantial 22.96-acre lot and boasts six loading docks. Constructed in 1990 and extensively renovated in 2023, the property is currently 100% occupied by Amazon.com Services, LLC under a triple-net (NNN) lease. The tenant has invested significantly in improvements, including a large parking area and an expansive canopy for efficient loading and unloading. The initial lease term is five years, with multiple renewal options ensuring long-term stability. The property is zoned under the Town of Granville's non-zoning policy. The asking price is $3,600,000, translating to $72 per square foot. This represents a strong return on investment given the high occupancy rate, long-term lease, and recent renovations. The property's location in Washington County, near the New York-Vermont border, offers excellent access to major transportation routes. The APN is 117.-1-3.8. This is a rare opportunity to acquire a high-quality, fully occupied industrial asset with a blue-chip tenant.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Granville
- County
- Washington
- State
- New York
- Longitude
- -73.2719
- Latitude
- 43.4179
