13294 State Route 79 7,964 SF Vacant Retail Building Richford, NY 13835 $475,000 ($59.64/SF) 6.04% Cap Rate

A complete shopping plaza at the intersection of two major State highways, 38 and 79. Its primary tenant is a restaurant with a beer and wine license. It has a 3-phase generator to provide electricity during power outages. The plaza also has the following rental store fronts business (monthly rents are in parentheses): tattoo parlor ($700), hair salon ($700), thrift store ($1,000), and a vacant storefront ($700 when rented). Tenants pay for their electricity. Plenty of on-site parking. NOTE: The whole property is owned by the owner of the restaurant. That owner is willing to continue his business by renting the restaurant from the new owner of the property for $1,500 per month. Potential rent for all of the store fronts is $4,600 per month. The Richford Town Hall and Town Court are located nearby. See also the website: cortlandmls.com and search for MLS #: S1599307. Note: The property’s location is shown incorrectly on the Google Maps website.