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    OFF-MARKET
    Investment properties

    1998 State Rte 22b, Morrisonville, NY 12962-3625

    1,820 SF 0.44 ac lot Built 1930
    Individually Owned 16-yr Hold Free & Clear
    Property ID
    US63-1017233
    Property summary
    AI-generated overview

    This exceptional turnkey opportunity presents a well-established family-owned convenience store and deli located at 1998 State Route 22b in Morrisonville, New York. The freestanding building encompasses 1,820 square feet and sits on a 0.44-acre lot. This thriving neighborhood business is offered at $460,000 and includes all fixtures, equipment, coolers, and a deli case, ensuring a seamless transition for the new owner. The current owners have cultivated a highly successful operation, consistently generating a net operating income exceeding $100,000 annually. This demonstrates a strong and stable revenue stream, making it an attractive investment for those seeking a profitable and established business venture. The property's prime location in Morrisonville provides excellent visibility and accessibility, contributing to its consistent success. All aspects of the business are included in the sale, allowing for immediate operation with minimal setup required. This is a rare opportunity to acquire a profitable, established business with a proven track record of success in a desirable location. The substantial net operating income provides a strong return on investment, making this a compelling opportunity for experienced business owners or investors seeking a turnkey operation. Serious inquiries are encouraged.

    Property profile
    Verified
    Property type Investment properties
    Use group STORE/OFFICE (MIXED USE)
    Year built 1930
    Total area 1,820 SF
    Lot 0.44 ac (19,320 SF)
    Zoning code R-2
    APN 094200 205.3-3-7.2
    UPID US63-1017233
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Eli Joseph · 16 yrs held
    Eli Joseph
    since 2010
    1 recorded transaction
    2010
    $337,700
    Zoning & alternative use
    R-2 · Morrisonville, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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