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Empire Welding 1234 NY-215 6,560 SF Industrial Building Cortland, NY 13045 $995,000 ($151.68/SF)
Investment Highlights
- A unique, turn-key investment with three income-generating opportunities.
- Three steel buildings, 75 fully rented units, earning approx. $65,000/year.
- Reputable, fully equipped business with optional training for new ownership.
- Established rental business with steady $10,000/year gross income.
Executive Summary
This unique 3+ acre property in the heart of Virgil, NY, offers three distinct and profitable revenue streams, presenting an excellent turn-key investment opportunity.
1. **Empire Welding (44-Year Established Business):** A highly successful and reputable welding operation, including all essential equipment and machinery. The current owner is committed to ensuring a smooth transition and is open to providing training to the new owner if desired.
2. **Self-Storage Facility:** Three steel buildings comprising 75 fully rented storage units, generating a gross annual income of $65,000.
3. **U-Haul Rental Dealership:** An established U-Haul truck rental business with a consistent gross annual income of $10,000.
1. **Empire Welding (44-Year Established Business):** A highly successful and reputable welding operation, including all essential equipment and machinery. The current owner is committed to ensuring a smooth transition and is open to providing training to the new owner if desired.
2. **Self-Storage Facility:** Three steel buildings comprising 75 fully rented storage units, generating a gross annual income of $65,000.
3. **U-Haul Rental Dealership:** An established U-Haul truck rental business with a consistent gross annual income of $10,000.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
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Property Taxes
| Parcel Number | 114600-126-014-0002-037-000-0000 | Improvements Assessment | $222,900 |
| Land Assessment | $22,100 | Total Assessment | $245,000 |
Property Taxes
Parcel Number
114600-126-014-0002-037-000-0000
Land Assessment
$22,100
Improvements Assessment
$222,900
Total Assessment
$245,000
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Empire Welding | 1234 NY-215
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