54-56 State St Holley, NY 14470

Property Details for 54-56 State St

Year built

1970

Lot size

2.20 lot acres

Property size

2,280 SF

Zone code

C1

Property type

Auto shops

APN

343201 88.5-2-63.11

APU

34320188526311

Description

This exceptional investment opportunity presents a fully occupied, multi-tenant warehouse complex located at 54-56 State Street in Holley, New York. The property boasts 14,565 square feet of rentable space, distributed across 46 units, including 42 self-storage units ranging in size from 10x8, 10x10, 15x15, and 16x20. Additional tenants include an auto repair shop, auto body shop, and beauty salon. The property sits on a 2.2-acre lot, offering significant potential for future expansion. Built in 1960, the property is zoned C1 and features 40 parking spaces. The current lease structure is a modified month-to-month agreement with renewal options, and all tenants are credit-rated. The property generates a substantial net operating income (NOI) of $68,145, resulting in an attractive 8% capitalization rate. The asking price is $749,900. This is a rare opportunity to acquire a well-established, income-producing asset with strong potential for long-term growth in a desirable location. The property's diverse tenant mix and substantial square footage provide a stable and reliable income stream. The ample parking and expansive lot size further enhance its appeal. This is an ideal addition to any investment portfolio.

Location Insight

City

Holley

County

Orleans

State

New York

Longitude

-78.0227

Latitude

43.2215

CBSA code

40380

CBSA name

ROCHESTER, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments