4115-4125 Route 28, Boiceville, NY 12412

20 Photos
 
$780,000
Active for Sale
 
Listing ID 11290214
Property Type Commercial Building
County Ulster
Township Olive
School Onteora
Total Tax $13,885
Tax ID 36.11-1-11
FEMA Flood Map fema.gov/portal
Year Built 1970
   
Virtual Tour
This strip plaza is located on State Route 28, with a daily traffic count of 7,000 vehicles. It is situated at the gateway to the Catskills and offers over 42,000 square feet of commercial space. The plaza consists of a large commercial building and 4 attached stores/service shops. It is conveniently located next to the area's largest grocery/shopping center and across the street from the local high school. The high-traffic location ensures year-round business from surrounding homeowners, skiers, tourists, and local development. The property is in very good condition and has municipal sewer access. The large commercial space, previously used as a lumber yard and salvage retail store, offers over 35,000 square feet of office, retail, and warehouse space with excellent visibility from State Route 28. The building has updated systems, including the roof, heating, and cooling units. The tenant base is solid, with a Post Office, Restaurant, Woodstock Antiques, and Café /Catering already occupying the space. The vacant large commercial storefront with warehouse space is available for lease at $4,500 monthly. For potential buyers, it's important to note that the sale of the building comes with a non-compete restriction for the grocery business next door for 10 years. At the asking price with the vacant large commercial space, the Cap rate is approximately 6%. Please refer to the associated documents for more information on income and expenses related to the property.
Property Details
  • 3 Half Baths
  • 1.98 Acres
  • Built in 1970
Interior Features
  • Hardwood Flooring
  • Stone Flooring
  • Alarm System
  • Forced Air
  • Propane Fuel
  • Central A/C
Exterior Features
  • Masonry - Concrete Block Construction
  • Brick Siding
  • Masonry Siding
  • Metal Roof
  • Private Well Water
  • Community Septic
Commercial Info
  • Uses: Retail, Storage
  • 2 Loading Docks
Income/Expenses
  • Gross Income $88,716
  • Net Income $43,550
  • Operating Exp $45,166
  • Insurance Exp $26,981
  • Heat Exp $3,200
  • Electric Exp $2,100
  • Paid by Landlord: Heat, Insurance, Ground Maint.
Taxes and Fees
  • $8,105 School Tax
  • $5,780 County Tax
  • $13,885 Total Tax
Listed By
BERARDI REALTY
Office: 845-201-1111
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