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Grahamsville Professional Suites 242 Main St 1,848 SF 100% Leased Retail Building Grahamsville, NY 12740 $259,000 ($140.15/SF) 8.70% Cap Rate
Investment Highlights
- Low taxes and strong community appeal.
- Income
- Grahamsville’s business district, offering maximum visibility and foot traffic
Executive Summary
Expenses: No water bill (thanks to the private well). Electric costs average $150/month. Taxes, including county, school, and sewer expenses, total $1,800/year. Internet service is $90/month. Income: Hair Salon: Current rent is $800/month, increasing to $1,000/month upon lease renewal. Future Dog Grooming Salon: Expected rent of $1,000/month. File Cabinet Tenant: Adds $200/month in additional revenue. Both tenants manage their garbage removal independently. Snow Removal: No added costs, as the neighboring property’s arrangement covers this service for the shared parking area.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
1,848 SF
Building Class
C
Year Built/Renovated
1900/2022
Price
$259,000
Price Per SF
$140.15
Cap Rate
8.70%
NOI
$22,533
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.18
Lot Size
0.24 AC
Zoning
01 - Multi sites 2 + units
Frontage
84’ on Main Street
Property Taxes
| Parcel Number | 4200-027-0-0002-007-003 | Improvements Assessment | $1,700 |
| Land Assessment | $300 | Total Assessment | $2,000 |
Property Taxes
Parcel Number
4200-027-0-0002-007-003
Land Assessment
$300
Improvements Assessment
$1,700
Total Assessment
$2,000
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Grahamsville Professional Suites | 242 Main St
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