For Sale
$2,700,000

502 Columbia Pike New Lebanon, NY 12125

100% Leased, 7-Tenant Retail Complex

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional investment opportunity presents a fully leased, multi-tenant retail center in New Lebanon, NY. The property, located at 502 Columbia Pike, comprises two single-story buildings totaling 14,488 square feet on a 2-acre lot. Built in 1970 and extensively renovated in 2019, the Class B property boasts 67 parking spaces and features a diverse tenant mix including a bank, USPS, Family Dollar, and others. Seven long-term tenants ensure stable income with a current Net Operating Income (NOI) of $202,306 and a 7.50% cap rate. The property enjoys 100% occupancy with a remaining lease term of 5 years. The asking price is $2,700,000, and seller financing may be available to qualified buyers with a suitable down payment. The property's strong cash flow, diverse tenancy, and prime location make it an attractive investment prospect. All offers must include proof of funds. The property features approximately 247 feet of road frontage. The legal description is APN 104800-019-002-0001-048-000-000, and the property is offered fee simple. Cash offers and third-party financing offers are accepted.

Highlights

  • 100% occupancy, fully leased retail center.
  • Stable tenant base with long-term leases.
  • Seller financing may be available to qualified buyers.

Property Details for 502 Columbia Pike

Property type
Lifestyle centers, Power centers
Square Feet
14,488 SF
Class
B
Year Built/Renovated
1970/2019
Buildings
2
Stories
1
Lot Size (sq. ft)
87,120 SF
Units
7

Location Insight

City
New Lebanon
County
Columbia
State
New York
Latitude
42.4679334
Longitude
-73.3909351

FAQs

What type of property is this?
Lifestyle center - 100% Leased, 7-Tenant Retail Complex
Where is the lifestyle center located?
The property is located at 502 Columbia Pike New Lebanon, NY.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: 100% occupancy, fully leased retail center.; Stable tenant base with long-term leases.; Seller financing may be available to qualified buyers.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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502 Columbia Pike
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