4115-4125 Rte Boiceville, NY 12412

Property Details for 4115-4125 Rte

Lot size

1.98 lot acres

Property type

Office Properties & Spaces

Description

This exceptional commercial property, located at 4115-4125 Route 28 in Boiceville, NY 12412, presents a lucrative investment opportunity. Situated on a 1.98-acre lot, this prime location boasts over 42,000 square feet of commercial space, strategically positioned at the gateway to the Catskills. The property includes a large commercial building (approximately 35,000 square feet) and four attached stores/service shops. Currently, the tenant mix includes a Post Office, restaurant, antique shop, and café/catering business, providing a stable income stream. The large commercial space, previously a lumber yard and salvage retail store, offers significant potential for lease or owner-occupancy, with a current asking rent of $4,500 per month. The property benefits from high visibility on Route 28, with a daily traffic count of 7,000 vehicles, ensuring year-round business from local residents, tourists, and skiers. Its proximity to a major grocery/shopping center and the local high school further enhances its appeal. The building is in excellent condition, featuring updated roofing, heating, and cooling systems, and municipal sewer access. The sale includes a 10-year non-compete agreement for a neighboring grocery business. At the asking price of $780,000, the capitalization rate is approximately 6%. Detailed financial information is available upon request. This is a rare opportunity to acquire a well-established, high-traffic commercial property in a rapidly growing area.

Location Insight

City

Boiceville

County

36111

State

New York

Longitude

-74.2705

Latitude

42.0033