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Property profile

4115 State Route 28 Boiceville, NY 12412

OFF-MARKET
Retail properties & Spaces
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36,720 SF 1.98 ac lot

Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail properties & Spaces
Total area 36,720 SF
Lot 1.98 ac (86,249 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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