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662-668 S Main Street

Hastings, NY 13036
  • $799,900
  • STATUS: Active Under Contract
  • ON SITE: 34 Days
  • MLS #: S1545548
Under Contract
UPDATED: 65 min ago
$799,900
  • 0
    BEDS
  • 0.31
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,162
    SQFT
  • $253
    $/SQFT
Type:
Commercial
Built:
1980
County:

School Ratings & Info

School District:

Description

RARE opportunity to own a 100% occupied and cash-flowing retail strip mall in a prime location. Situated in the heart of Central Square, NY this center is located at a high traffic point giving lots of visibility. Well established tenants with thriving businesses throughout the entire property serving as a great retail mix. 9 total diverse tenants. 9 storefronts with 1 two bedroom apartment on the second level. Major capex invested by the current owner in the last several years. Strong basis at only $90/sf. Room to grow rents to market rate of about $16/sf and bill back CAM's. NOI currently sits at $70,842 valuing this property at a 8.86% cap rate. Each tenant has a meter for gas/electric and pays their own utilities. Landlord pays water/sewer and one house meter on each building for exterior lighting. Water/sewer/taxes/insurance/exterior maintenance can be billed back to tenants allowing for a NN or NNN opportunity. This plaza consists of two buildings and two separate tax parcels.

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©2024 CNYIS, GENRIS, WNYREIS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor Symphony Real Estate, LLC shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.

The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of NYSAMLS’s. Real estate listings held by firms other than Symphony Real Estate, LLC are marked with the IDX logo and detailed information about them includes the Listing Broker’s Firm Name. Data last updated: 2024-07-19T20:15:27.233.
www.symphonyofhomes.com/homes/151681959
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662-668 S Main Street Hastings, NY 13036

  • Price: $799,900
  • Status: Active Under Contract
  • On Site: 34 Days
  • Updated: 65 min ago
  • MLS #: S1545548
0
Beds
0
Baths
0
½ Baths
0.31
Acres
3,162
SQFT
$253
$/SQFT
1980
Built
Neighborhood:
Central Square-Village-353201
County:
Oswego
Area:
Central Square-Village-353201
School District:
Central Square
Property Description
RARE opportunity to own a 100% occupied and cash-flowing retail strip mall in a prime location. Situated in the heart of Central Square, NY this center is located at a high traffic point giving lots of visibility. Well established tenants with thriving businesses throughout the entire property serving as a great retail mix. 9 total diverse tenants. 9 storefronts with 1 two bedroom apartment on the second level. Major capex invested by the current owner in the last several years. Strong basis at only $90/sf. Room to grow rents to market rate of about $16/sf and bill back CAM's. NOI currently sits at $70,842 valuing this property at a 8.86% cap rate. Each tenant has a meter for gas/electric and pays their own utilities. Landlord pays water/sewer and one house meter on each building for exterior lighting. Water/sewer/taxes/insurance/exterior maintenance can be billed back to tenants allowing for a NN or NNN opportunity. This plaza consists of two buildings and two separate tax parcels.
Exterior Features

Parking Total 21 Roof Asphalt Membrane Rubber Waterfront YN No

Interior Features

Fireplace YN No Fireplaces Total 0 Heating Electric Gas Forced Air Heating YN Yes Levels Two Living Area 3162

Property Features

Documents Available Profit Loss Statement Survey Inclusions Land and Building Lease Considered YN No Listing Terms Cash Possession Close Of Escrow Possible Use Retail Service Property Condition Resale Property Sub Type Office Sewer Public Sewer Special Listing Conditions Standard Tax Annual Amount 13063 Utilities Sewer Connected Water Connected Water Source Public Year Built Details Existing Zoning Com-1 Zoning Description Commercial

Greater Rochester Association of Realtors logo Listing information © 2024 CNYIS, GENRIS, WNYREIS. Listing provided by Dante Belmonte of Hunt Real Estate ERA : .
©2024 CNYIS, GENRIS, WNYREIS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor Symphony Real Estate, LLC shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.

The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of NYSAMLS’s. Real estate listings held by firms other than Symphony Real Estate, LLC are marked with the IDX logo and detailed information about them includes the Listing Broker’s Firm Name. Data last updated: 2024-07-19T20:15:27.233.
 
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Buffalo NY, 14201