4115 State Route 28 Boiceville, NY 12412
- Retail properties
- 36,720 SF
- 1.98 lot acres
Current Use by Public Records
- Retail properties
Property Details for 4115 State Route 28
- Lot size
- 1.98 lot acres
- Property size
- 36,720 SF
- Property type
- Retail properties
Description
This exceptional retail property, located at 4115 State Route 28 in Boiceville, NY, presents a lucrative investment opportunity. Boasting a total of 36,720 square feet on a 1.98-acre lot, this strip plaza enjoys a prime location at the gateway to the Catskills, benefiting from a daily traffic count of 7,000 vehicles. The plaza comprises a large commercial building (over 35,000 square feet, previously a lumber yard and salvage retail store, now adaptable for office, retail, or warehouse use) and four attached smaller stores/service shops. Currently occupied by a Post Office, restaurant, Woodstock Antiques, and a cafe/catering business, the tenant base is strong and provides consistent income. The large vacant commercial storefront with warehouse space is available for lease at $4,500 per month. The property benefits from updated systems including roof, heating, and cooling, municipal sewer access, and is situated next to a major grocery/shopping center and across from the local high school, ensuring year-round business from a diverse customer base including residents, tourists, and skiers. The asking price of $795,000 offers a Cap rate of approximately 6%. A non-compete agreement for a neighboring grocery business is in place for 10 years. One detached car parking space is available. Detailed financial information is available upon request.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Boiceville
- County
- Ulster County
- State
- New York
- Longitude
- -74.2677
- Latitude
- 42.0076
