This exceptional retail property, located at 4115 State Route 28 in Boiceville, NY, presents a lucrative investment opportunity. Boasting a total of 36,720 square feet on a 1.98-acre lot, this strip plaza enjoys a prime location at the gateway to the Catskills, benefiting from a daily traffic count of 7,000 vehicles. The plaza comprises a large commercial building (over 35,000 square feet, previously a lumber yard and salvage retail store, now adaptable for office, retail, or warehouse use) and four attached smaller stores/service shops. Currently occupied by a Post Office, restaurant, Woodstock Antiques, and a cafe/catering business, the tenant base is strong and provides consistent income. The large vacant commercial storefront with warehouse space is available for lease at $4,500 per month. The property benefits from updated systems including roof, heating, and cooling, municipal sewer access, and is situated next to a major grocery/shopping center and across from the local high school, ensuring year-round business from a diverse customer base including residents, tourists, and skiers. The asking price of $795,000 offers a Cap rate of approximately 6%. A non-compete agreement for a neighboring grocery business is in place for 10 years. One detached car parking space is available. Detailed financial information is available upon request.
The property is located at 4115 State Route 28 Boiceville, NY.
What is the asking price?
The asking price for this property is $795,000.
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State Route 28 Boiceville, NY 12412
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