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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0BEDS
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N/AACRES
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0BATHS
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01/2 BATHS
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.
© 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.