4435 Seneca RdTrumansburg, NY 14886

Property Details for 4435 Seneca Rd

Year built

1992

Lot size

0.93 AC

Property size (Sq ft)

4,365 SF

Zone code

7

Property type

Office buildings

APN

452089 20-1-72

APU

45208920172

Description

This exceptional 4,365 square foot office building, situated on a 0.93-acre lot in the desirable Trumansburg, NY community, presents a compelling investment opportunity. Currently leased to a successful and established medical practice, this property guarantees a consistent stream of rental income. The existing lease provides immediate cash flow and a dependable tenant base, minimizing vacancy risks and maximizing return on investment. Located at 4435 Seneca Rd, the property benefits from its prime location within the vibrant Trumansburg area, offering excellent visibility and accessibility. The building itself is well-maintained and provides ample space for the current tenant's operations. This presents a low-risk, high-reward opportunity for investors seeking a stable, income-generating asset in a thriving market. The substantial size of the property, combined with its current occupancy, makes it an attractive proposition for long-term investment and potential future appreciation. The 0.93-acre lot offers potential for expansion or future development, adding further value to this already strong investment. This is a rare opportunity to acquire a turnkey commercial property with a proven track record of success. The combination of a reliable tenant, strong location, and significant square footage makes this a truly exceptional investment. Don't miss this chance to secure a valuable asset in a sought-after location.

• CAP approach

  CAP return

  Valuation

  6%

  $704,874

  6.5%

  $650,653

  7%

  $604,178

• Comparable approach

  Method

  Valuation

  Relative Method

  $398,778

  Geo Method

  $570,331

• Alternative Use

  Use

  Valuation

  Residential

  $806,810

  Hospitality

  $739,034

  Educational

  $614,867

  Medical

  $636,014

  Retail

  $956,460

Location Insight

City

Trumansburg

County

Seneca

State

New York

Latitude

42.5478

Longitude

-76.672

CBSA code

42900

CBSA name

SENECA FALLS, NY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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