280 Main St Massena, NY 13662-1901

Property Details for 280 Main St

Year built

2001

Lot size

0.27 lot acres

Property size

2,544 SF

Zone code

CTD

Property type

Office buildings

APN

405801 9.075-7-26

APU

4058019075726

Description

This exceptional 2,400 square foot commercial property, located at 280 Main Street in Massena, NY, presents a compelling investment opportunity. Currently leased to a government agency under a long-term, lucrative lease agreement with a clear intention for continued occupancy, this property boasts an impressive 8.6% cap rate. The building is in excellent condition, requiring no deferred maintenance, minimizing immediate capital expenditures. Detailed financial information, including the lease terms, is available upon request. This property is part of a larger, five-property portfolio offering potential for significant economies of scale. The portfolio includes three additional government-leased properties, a medical facility, and a property with five duplex units. Purchasing the entire portfolio offers a reduced price per property. Further enhancing the property's value is an additional parking lot situated directly across the street, providing ample parking for tenants and visitors. This is a rare opportunity to acquire a stable, high-yielding commercial property with significant long-term potential. Serious inquiries are encouraged to explore this investment opportunity further.