Turnkey commercial investment opportunity in a high-visibility Caledonia location offering strong cash flow, long-term lease stability, and future flexibility. This unique property includes two separate commercial buildings with established tenants already in place under newly structured long-term NNN leases. The property generates $42,000 in gross annual rent with one tenant secured under a new 3-year lease with renewal options, and the second tenant committed to a new 5-year lease with additional renewal options in place. With minimal landlord responsibilities under the NNN lease structure, this property delivers an impressive 12.4% cap rate at the $340,000 list price. Automotive zoning adds tremendous long-term value by allowing for a wide range of future business uses if an investor ever chooses to reposition the property. A large parking lot supports steady customer traffic for both businesses, while the village location provides excellent exposure and consistent drive-by visibility. Seller financing available with $100,000 down, creating a rare opportunity to acquire a high-performing commercial asset with flexible financing terms and immediate income from day one.
Listing By
Agency Name: RE/MAX Titanium LLC
Agency Phone: 585-395-9574
Shown By
Agency Title: Coldwell Banker Choice Properties
Agency Phone: 833-88-CHOICE (2-4642)
Coldwell BankerĀ® and the Coldwell Banker Logo are registered service marks owned by Coldwell Banker Real Estate LLC. C.B. Choice Properties, INC. fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each franchise is independently owned and operated. Any services or products provided by independently owned and operated franchisees are not provided by, affiliated with or related to Coldwell Banker Real Estate LLC nor any of its affiliated companies.
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3235 State Street | MLS# R1677342
This commercial property located at 3235 State Street, Caledonia, NY 14423 is currently listed for sale with an asking price of $340,000. State Street is located within the Caledonia-Mumford school district. Search Caledonia real estate on www.coldwellbankerchoice.com today.