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Prime Commercial Property with Stable Long-Term Tenant Opportunity. This 2,150 sq. ft. commercial property offers an incredible investment opportunity with an 8% cap rate and a reliable tenant already in place. Located on a high-visibility street with a daily traffic count of 16,835, this property is perfectly positioned to capture consistent foot and vehicle traffic. Currently occupied by the building owner, who wishes to sell and lease back, this property ensures a stable and hassle-free income stream. The building owner is prepared to sign a Triple Net (NNN) Lease at $1,750 per month. Flexible lease options are available, including a 10-year lease or a 5-year lease with two additional 5-year renewal options, providing versatility and long-term stability for potential investors. Recent upgrades add to the building’s appeal, with a new heating system installed just 1.5 years ago, ensuring efficient climate control and reducing maintenance concerns. This property combines excellent visibility, predictable returns, and a strong commercial presence. Don’t miss out on this rare opportunity to secure a long-term tenant with favorable lease terms in a high-traffic location.
| DAYS ON MARKET | 17 | LAST UPDATED | 11/6/2024 |
|---|---|---|---|
| YEAR BUILT | 1950 | COMMUNITY | Depew Village-Cheektowaga-143003 |
| COUNTY | Erie | STATUS | Active |
| PROPERTY TYPE(S) | Single Family |
| School District | Depew |
|---|
| ADDITIONAL DETAILS | |
| AIR | Heat Pump, Zoned |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | Depew Village-Cheektowaga-143003 |
| CONSTRUCTION | Block |
| HEAT | Heat Pump, Other, See Remarks, Zoned |
| LOT | 0.26 acre(s) |
| LOT DESCRIPTION | Irregular Lot |
| LOT DIMENSIONS | 130x105 |
| PARKING | On Site,Surfaced |
| SEWER | Public Sewer |
| STORIES | 1 |
| TAXES | 5772 |
| UTILITIES | Sewer Connected,Water Connected, |
| WATER | Public |
| ZONING | Commercial |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by: Joseph Andrew Avery, RE/MAX Titanium LLC
Listing data courtesy of the Internet Data Exchange (IDX) Program of CNYIS and the Adirondack Champlain Valley Multiple Listing Service.
The information being provided is 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.
Listing information deemed reliable but not guaranteed
This IDX solution is (c) Diverse Solutions 2024.
