This exceptional commercial property, located at 4115-4125 Route 28 in Boiceville, NY 12412, presents a lucrative investment opportunity. Situated on a 1.98-acre lot, this prime location boasts over 42,000 square feet of commercial space, strategically positioned at the gateway to the Catskills. The property includes a large commercial building (approximately 35,000 square feet) and four attached stores/service shops. Currently, the tenant mix includes a Post Office, restaurant, antique shop, and café/catering business, providing a stable income stream. The large commercial space, previously a lumber yard and salvage retail store, offers significant potential for lease or owner-occupancy, with a current asking rent of $4,500 per month. The property benefits from high visibility on Route 28, with a daily traffic count of 7,000 vehicles, ensuring year-round business from local residents, tourists, and skiers. Its proximity to a major grocery/shopping center and the local high school further enhances its appeal. The building is in excellent condition, featuring updated roofing, heating, and cooling systems, and municipal sewer access. The sale includes a 10-year non-compete agreement for a neighboring grocery business. At the asking price of $780,000, the capitalization rate is approximately 6%. Detailed financial information is available upon request. This is a rare opportunity to acquire a well-established, high-traffic commercial property in a rapidly growing area.
Highlights
Asking Price: $780,000
Property Type: Office, Strip Plaza with 42,000+ SF of commercial space, including a large 35,000+ SF building and 4 attached stores/shops.
Location: High-traffic Route 28 in Boiceville, NY, at the gateway to the Catskills, near a major grocery/shopping center and high school. Daily traffic count of 7,000 vehicles.
Existing Tenants: Post Office, Restaurant, Woodstock Antiques, and Café/Catering. Large vacant commercial storefront (35,000+ SF) available for lease at $4,500/month.
Building Condition & Amenities: Very good condition, updated roof, HVAC, municipal sewer. Non-compete agreement with adjacent grocery store for 10 years. Approximate 6% cap rate at asking price.
The property is located at 4115-4125 Rte Boiceville, NY.
What is the asking price?
The asking price for this property is $780,000.
What are key features of this property?
This property features: Asking Price: $780,000; Property Type: Office, Strip Plaza with 42,000+ SF of commercial space, including a large 35,000+ SF building and 4 attached stores/shops.; Location: High-traffic Route 28 in Boiceville, NY, at the gateway to the Catskills, near a major grocery/shopping center and high school. Daily traffic count of 7,000 vehicles.
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Louis Naccarato
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Rte Boiceville, NY 12412
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Rte Boiceville, NY 12412
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4115-4125 Rte
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