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306 E Center St

ridgeway, NY 14103

US$165,000

    Interested? Let's Connect

    This 2,209 sq. ft. commercial property with an additional garage for storage offers a unique investment opportunity with a 10% cap rate. Located on one of the busiest roads in the Village of Medina, near the high-traffic intersection of East Center and Main, this property enjoys excellent visibility with a daily traffic count of 3,044. Currently occupied by the building owner, who wishes to sell the property and lease it back, this property ensures a stable and hassle-free income stream for potential investors. The building owner is prepared to sign a Triple Net (NNN) Lease at $1,500 per month. Flexible lease options include a 10-year lease or a 5-year lease with two additional 5-year renewal options, offering versatility and long-term stability. With its prime location and consistent foot and vehicle traffic, this property is ideally positioned to attract attention and generate reliable returns. Don’t miss this chance to secure a long-term tenant in a highly visible area of Medina.

    Details

    2,209 Sq Ft

    0.2977 Private Acres Lot Size

    commercial

    US$2,761 Annual Tax

    Built in 1960

    MLS/Listing ID R1643612

    1 Stories

    Amenities & Features

    Parking - On Site

    Cooling - Heat Pump

    Lot - Rectangular Lot

    Heating - Heat Pump

    Heating - Other

    Heating - Zoned

    Linoleum

    Vinyl

    Cooling - Central Air

    Cooling - Zoned

    Construction - Wood Siding

    Estimate my mortgage

    TOTAL MONTHLY COST

    US$0

    • PRINCIPAL & INTEREST

      US$0

    • PROPERTY TAXES

      US$0

    • Common Charges

      US$0

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    Interested In 306 E Center St?