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270 Lake St 19,752 SF 95% Leased Office Building Penn Yan, NY 14527 $1,295,000 ($65.56/SF) 8.13% Cap Rate
EXECUTIVE SUMMARY
Great Opportunity for Investor looking for a Finger Lakes Region Asset at the N.E. end of Keuka Lake in the Village of Penn Yan Commercial District.
Located across from the Hampton Inn and Knapp & Schlappi Lumber Yard.
The Gross Bldg. Area is 21,227 SF is situated on 2.4 acres offering 65 parking spaces.
It is Zoned General Commercial.
A mix of Professional Office, Wellness Services and Retail Services-it is a well-cared for Building with updated infrastructure.
Offering a Net Operating Income of $105,300/yr.
Located across from the Hampton Inn and Knapp & Schlappi Lumber Yard.
The Gross Bldg. Area is 21,227 SF is situated on 2.4 acres offering 65 parking spaces.
It is Zoned General Commercial.
A mix of Professional Office, Wellness Services and Retail Services-it is a well-cared for Building with updated infrastructure.
Offering a Net Operating Income of $105,300/yr.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| 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 (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| 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
Building Size
19,752 SF
Building Class
B
Year Built
1991
Price
$1,295,000
Price Per SF
$65.56
Cap Rate
8.13%
NOI
$105,300
Percent Leased
95%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
19,752 SF
Building FAR
0.19
Lot Size
2.40 AC
Zoning
General Commercial
Parking
50 Spaces (2.53 Spaces per 1,000 SF Leased)
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Safe Haven
- Services
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Safe Haven | Services | - | $9.99 | Lorem Ipsum | Jan 0000 |
1 1
PROPERTY TAXES
| Parcel Number | 573001-061-034-0001-046-000-0000 | Total Assessment | $799,900 |
| Land Assessment | $140,800 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $659,100 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
573001-061-034-0001-046-000-0000
Land Assessment
$140,800
Improvements Assessment
$659,100
Total Assessment
$799,900
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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270 Lake St
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