662-668 S Main Street, Hastings, NY

$799,900

Previous Next

10,602

Square feet

0.31

Acres

About 662-668 S Main Street

RARE opportunity to own a 100% occupied and cash-flowing retail strip mall in a prime location. Situated in the heart of Central Square, NY this center is located at a high traffic point giving lots of visibility. Well established tenants with thriving businesses throughout the entire property serving as a great retail mix. 9 total diverse tenants. 9 storefronts with 1 two bedroom apartment on the second level. Major capex invested by the current owner in the last several years. Strong basis at only $90/sf. Room to grow rents to market rate of about $16/sf and bill back CAM's. NOI currently sits at $70,842 valuing this property at a 8.86% cap rate. Each tenant has a meter for gas/electric and pays their own utilities. Landlord pays water/sewer and one house meter on each building for exterior lighting. Water/sewer/taxes/insurance/exterior maintenance can be billed back to tenants allowing for a NN or NNN opportunity. This plaza consists of two buildings and two separate tax parcels.

Features of 662-668 S Main Street

MLS® # S1545548
Price $799,900
Bathrooms 0.00
Square Footage 10,602
Square Footage 13700
Acres 0.31
Year Built 1980
Type Commercial Sale
Sub-Type Office
Status Active Under Contract

Community Information

Address 662-668 S Main Street
Area Central Square-Village
Subdivision Section 27610
City Hastings
County Oswego
State NY
Zip Code 13036

Amenities

Utilities Sewer Connected, Water Connected
Parking Spaces 21
Is Waterfront No
Has Pool No

Interior

Heating Gas, Forced Air, Electric
Fireplace No
# of Stories 2
Stories 2
Has Basement No

Exterior

Roof Asphalt, Membrane, Rubber

School Information

District Central Square

Additional Information

Zoning Com-1
Short Sale No
RE / Bank Owned No

Listing Details

OfficeHunt Real Estate ERA

Listing Map

Request a Showing

Provide a valid email address.
When would you like to view this property?