Description
USE EXISTING or DEVELOP.....Cornwall, NY Development Opportunity - Located on the Quaker Avenue Circle at the top of Main Street, sits this +-2.5 acre lot with a +-3,459 sf building for lease. This is a single tenant property, however the landlord would consider a long-term master lease for someone looking to develop it to its highest and best use. Occupy or Expand the current building (w/ Drive-Thru) for your use or build a new multi-tenant structure for investment and lease on a long-term land lease. An available lot of this size simply does not exist in the center of the Cornwall Shopping District with the flexibility to develop. Based on a 15% building coverage ratio, the lot could support approx 16,335 sf building in total, certainly this would need to be verified with the town. Currently the property is occupied by Chase Bank and will be available on December 1, 2023. This is offered as an absolute NNN lease, tenant pays rent and all operating expenses for the property. Current parking lot has 24 spaces.
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01/2 BATHS
Description
USE EXISTING or DEVELOP.....Cornwall, NY Development Opportunity - Located on the Quaker Avenue Circle at the top of Main Street, sits this +-2.5 acre lot with a +-3,459 sf building for lease. This is a single tenant property, however the landlord would consider a long-term master lease for someone looking to develop it to its highest and best use. Occupy or Expand the current building (w/ Drive-Thru) for your use or build a new multi-tenant structure for investment and lease on a long-term land lease. An available lot of this size simply does not exist in the center of the Cornwall Shopping District with the flexibility to develop. Based on a 15% building coverage ratio, the lot could support approx 16,335 sf building in total, certainly this would need to be verified with the town. Currently the property is occupied by Chase Bank and will be available on December 1, 2023. This is offered as an absolute NNN lease, tenant pays rent and all operating expenses for the property. Current parking lot has 24 spaces.
© 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: 2023-09-25T10:18:31.26.