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2507 US Route 11 10,452 SF 100% Leased Retail Building La Fayette, NY 13084 $899,000 ($86.01/SF) 10.68% Cap Rate
INVESTMENT HIGHLIGHTS
- High Traffic area located on the corner of Route 11 & Route 20
- Easily accessible from 81 North & South
EXECUTIVE SUMMARY
Discover an exceptional investment opportunity in the heart of LaFayette, NY, with this bustling plaza anchored by a prominent post office and M&T Bank, ensuring consistent foot traffic and community engagement. With 70% occupancy, this plaza offers a diverse mix of retail and service tenants, making it a vibrant destination for both local residents and visitors. Ideal for investors looking to capitalize on a strong tenant base in a growing area, this property provides a solid return potential and room for additional growth. Situated in a prime location with ample parking and visibility, this plaza is a cornerstone of the LaFayette community and a compelling opportunity you won't want to miss!
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (PRO FORMA - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
10,452 SF
Building Class
C
Year Built
1966
Price
$899,000
Price Per SF
$86.01
Cap Rate
10.68%
NOI
$95,975
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.27
Lot Size
0.89 AC
Zoning
07 - Central Business District
Frontage
AMENITIES
- 24 Hour Access
- Signage
- Signalized Intersection
- Tenant Controlled HVAC
- Drive Thru
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 313400-019-000-0001-001-000-0000 | Total Assessment | $610,000 |
| Land Assessment | $38,200 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $571,800 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
313400-019-000-0001-001-000-0000
Land Assessment
$38,200
Improvements Assessment
$571,800
Total Assessment
$610,000
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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2507 US Route 11
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