1133 State Route 22, Cambridge, NY 12816
1133 State Route 22, Cambridge, NY 12816
1133 State Route 22, Cambridge, NY 12816
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Listed by Amy Farchione-Sgromo • Julie & Co Realty LLC
$1,025,000
Est. payment /mo
15,103 SqFt
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Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

Square Footage 15,103 sqft

Price per Sqft $67

MLS Listing ID 202612137

Year Built 1980

Annual Tax Amount $19,739

Lot Size 5.000 Acres

Acres 5.0

Lot Dimensions 439x430

Property Sub-Type Retail

Source Global MLS

Property Description

This well-maintained 15,103 square foot commercial building presents a lucrative investment opportunity with a long-term lease to a nationally recognized tenant, Dollar General. Located on a sprawling 5-acre lot, the property features a newly paved parking lot and upgraded lighting, ensuring a welcoming and safe environment for customers and tenants alike.Dollar General has been the anchor tenant since 2006, occupying 81% of the building. The remaining 19% is leased as storage space to another tenant, providing additional, stable rental income.The lease is structured as a Triple Net (NNN) lease, wherein the tenant is responsible for property taxes, insurance, and maintenance, minimizing landlord responsibilities and expenses. The property is offered at an attractive 8% capitalization rate, delivering strong returns on investment. Centrally located, the property benefits from excellent visibility and accessibility, boosting foot traffic and sales.

Location

State NY

County Washington

Zoning Commercial

Direction On Rt 22 ( S Park St) 1.4 miles from village of Cambridge.

Interior

Heating Forced Air

Building

Sewer Septic Tank

Water Public

New Construction No

Others

Tax ID 535089 263.-3-4.2

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Erin Steinbach

Erin Steinbach

+1(518) 222-6031

Lic. Associate R. E. Broker | License ID: 10301217507

Lic. Associate R. E. Broker License ID: 10301217507

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