For Sale
$750,000

364 County Road 60Waverly, NY 14892

Thriving retail business, owner's home included.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional opportunity presents a turnkey retail business and residential property in Waverly, NY. The 2,548 square foot retail space, situated on a 4.5-acre lot, boasts three buildings, including a two-story structure built in 2007. Currently operating at 100% occupancy, the business generates a Net Operating Income (NOI) of $60,000, representing an 8.00% capitalization rate. The asking price is $750,000, translating to $294.35 per square foot and $5,000 per acre for the land. The property is zoned commercial and includes ample parking. Beyond the main retail space, the sale encompasses a three-bedroom, two-bathroom owner's home with a two-car garage, two additional outbuildings, and a pond. A separate tenant home, generating $800 monthly in rent plus utilities, is also included. This unique offering allows for owner-occupancy, combining residential comfort with the benefits of a profitable business. The business itself has recently expanded to include a light kitchen and beverage service, further enhancing its revenue potential. Detailed financial information will be provided to qualified, pre-approved buyers. This is a rare chance to acquire a well-established business with significant residential amenities, offering a compelling investment opportunity with substantial upside potential. The property's location on County Route 60 provides convenient access to nearby amenities and major roadways.

Highlights

  • 2,900 sq. ft. retail building on 4.5 acres in Waverly, NY.
  • Located on County Route 60, minutes from the highway and downtown amenities.
  • Established retail business with added successful food and beverage component.
  • Includes owner's 3-bedroom, 2-bath home with 2-car garage, 2 outbuildings, and pond.
  • Separate tenant home generating $800+/month in rent.
  • Ample parking and room for expansion.

Property Details for 364 County Road 60

Property type
Lifestyle centers, Power centers
Square Feet
2,548 SF
Year Built
2007
Buildings
3
Stories
2
Lot Size (sq. ft)
196,020 SF
Units
3

Location Insight

City
Waverly
County
Chemung
State
New York
Latitude
42.0125955
Longitude
-76.5910389
364 County Road 60, Waverly, New York

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364 County Road 60
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