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10 Wallace Street , #866

Otisville, NY 10963
  • $900,000
  • STATUS: Active
  • MLS #: H6095886
UPDATED: 25 min ago
$900,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1990
County:
Area:

School Ratings & Info

School District:

Description

Opportunity knocks. Profitable hardware store and assemblage of buildings in the heart of Otisville, which is a growing area of the County. Real estate is being sold which is now an existing hardware store leased to Otisville Hardware and presently has franchises of True Value, Do it Best and Benjamin Moore. Inventory is not included nor are franchises. Financials available upon request. Solar on roof which cost $110,000 is fully paid for and included in sale. The main store is 7,296 sf with an accessory warehouse next door with 2,400 sf. The multi-family is 1,856 sf and has two one bed, one bath apartments, fully leased. In the rear of the residential lot is a greenhouse and is leased by the hardware store. Currently the residential rent roll is $12,000 per year, however these are under market rents. Pro-Forma rent roll is estimated at $24,000 annually. Another option is to purchase the business and lease the main store and warehouse. Seller would consider a 1-2 year leaseback.

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© 2023 OneKey MLS. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Barbara Carter Team | Century 21 Alliance Realty Group. Data last updated: 2023-12-03T15:18:51.677.
www.barbaracarterteam.com/homes/118590137
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10 Wallace Street , #866 Otisville, NY 10963

  • Price: $900,000
  • Status: Active
  • On Site: Days
  • Updated: 25 min ago
  • MLS #: H6095886
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1990
Built
Neighborhood:
Mount Hope
County:
Orange
Area:
Mount Hope
School District:
Minisink Valley
Property Description
Opportunity knocks. Profitable hardware store and assemblage of buildings in the heart of Otisville, which is a growing area of the County. Real estate is being sold which is now an existing hardware store leased to Otisville Hardware and presently has franchises of True Value, Do it Best and Benjamin Moore. Inventory is not included nor are franchises. Financials available upon request. Solar on roof which cost $110,000 is fully paid for and included in sale. The main store is 7,296 sf with an accessory warehouse next door with 2,400 sf. The multi-family is 1,856 sf and has two one bed, one bath apartments, fully leased. In the rear of the residential lot is a greenhouse and is leased by the hardware store. Currently the residential rent roll is $12,000 per year, however these are under market rents. Pro-Forma rent roll is estimated at $24,000 annually. Another option is to purchase the business and lease the main store and warehouse. Seller would consider a 1-2 year leaseback.
Exterior Features

Construction Materials BrickFrame

Interior Features

Cooling Ductless Cooling YN Yes Heating OilSolarForced Air Hot Water Electric Stand Alone

Property Features

Building Size 7296 Business Type Retail Current Use CommercialMixed UseResidentialRetailWarehouse Inclusions Alarm SystemSolar Panels Owned MLSArea Minor 99 Property Sub Type Retail Sewer Septic Tank Tax Annual Amount 16700 Tax Annual Amount1 16700 Township Mount Hope Village Otisville Water Source Public Zoning Description C-1

Listing courtesy of Joseph Distelburger of Keller Williams Realty: 845-928-8000
© 2023 OneKey MLS. All rights reserved.


© 2023 OneKey MLS. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Barbara Carter Team | Century 21 Alliance Realty Group. Data last updated: 2023-12-03T15:18:51.677.
 
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Barbara Carter Team | Century 21 Alliance Realty Group
652 Route 299
Highland NY, 12528