327 Cornelia St Plattsburgh, NY 12901

This exceptional Plattsburgh investment property, located at 327 Cornelia St, offers a compelling opportunity. The 20,270 square foot building boasts a prime location on a busy corner with a traffic light in the city's business district, directly off I-87 Exit 37. Built in 1985 and renovated in 2014, the property features a mix of retail and industrial space. A long-term lease is in place, currently at 67% occupancy, with a remaining term of 7 years. The industrial space, totaling approximately 4,700 square feet, includes two dock doors, while the attached retail space comprises approximately 1,300 square feet. Three modern office spaces were added during the 2014 renovation. An additional 6,000 square feet of retail/warehouse space is available for lease. The property sits on a one-acre lot and is zoned B-2. Its proximity to SUNY Plattsburgh, Clinton Community College, Plattsburgh International Airport, and the Air Force base enhances its investment appeal. The asking price is $1,559,000, representing an attractive 8% cap rate. This is a rare chance to acquire a multi-tenant retail and industrial property in a thriving New York location. The property's features, location, and strong leasehold make it an ideal addition to any investment portfolio. The property's APN is 207.17-2-10.