54-56 State St Holley, NY 14470

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.