306 Center St Medina, NY 14103
- Investment properties
- 2,209 SF
- 0.30 lot acres
Current Use by Public Records
- Upstate Bottle Return | Medina / Recycling Center
Property Details for 306 Center St
- Year built
- 1960
- Lot size
- 0.30 lot acres
- Property size
- 2,209 SF
- Zone code
- 05 - COMMERCIAL
- Property type
- Investment properties
- Property subtype
- Retail residential properties
- APN
- 343401 80.9-1-51.11
- APU
- 34340180915111
Description
This exceptional 2,209 square foot commercial property in Medina, NY, presents a compelling investment opportunity. Situated on East Center Street, near the busy intersection of East Center and Main Streets, it benefits from high visibility and significant daily traffic (3,044 vehicles). The property includes a convenient storage garage, adding to its functionality. Currently occupied by the owner, a Triple Net (NNN) lease is available at $1,500 per month, offering a stable income stream. Lease options provide flexibility, with a 10-year lease or a 5-year lease with two 5-year renewal options. This ensures long-term stability and predictable returns for the investor. The 0.3-acre lot provides ample space. The property's prime location and high traffic count make it an attractive investment, promising strong returns and a secure tenant. The 10% capitalization rate further enhances its appeal. This is a rare opportunity to acquire a well-located commercial property with a guaranteed income stream in a thriving Medina business district.
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
- Medina
- County
- Orleans
- State
- New York
- Longitude
- -78.3828
- Latitude
- 43.2202
- CBSA code
- 40380
- CBSA name
- ROCHESTER, NY METROPOLITAN STATISTICAL AREA
