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40 Front St
Port Jervis, NY 12771
34-40 Front Street · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Well built building on Front Street which is a rapidly improving higher end development area, with high end restaurants, and cafes.
- Two longstanding tenants that have 3 years left on their leases and would like to stay
- Seller will entertain offers
- This building is a fallout shelter so extremely well built solid block building
- Property rents do not justify the price but this is one of those properties that you will say in a few years, I should have bought that!
- Seller offering some owner financing!!!
EXECUTIVE SUMMARY
Solid building on Front Street in Port Jervis with 2 long standing NN tenants. Tenants pay all utilities and light maintenance. There are two 3 year leases in place. Although the rents do not justify the asking price the location and eventual appreciation make this a potential trophy property. Seller would consider some owner financing.
Port Jervis, located on the Delaware river has natural beauty and potential for those seeking a developing area with access to outdoor recreation and a relatively affordable cost of living. It's a place where you can enjoy river activities, hiking, and a sense of community while still being within reach of larger metropolitan areas. Commuting is easy due to the Metro North rail which has a spur in Port Jervis.
Port Jervis, located on the Delaware river has natural beauty and potential for those seeking a developing area with access to outdoor recreation and a relatively affordable cost of living. It's a place where you can enjoy river activities, hiking, and a sense of community while still being within reach of larger metropolitan areas. Commuting is easy due to the Metro North rail which has a spur in Port Jervis.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
14,592 SF
Building Class
C
Year Built
1967
Price
$999,000
Price Per SF
$68.46
Cap Rate
3%
NOI
$29,970
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.74
Lot Size
0.19 AC
Opportunity Zone
Yes
Zoning
CBD
Frontage
84’ on Front St
PROPERTY TAXES
| Parcel Number | 331300-013-000-0005-028.000-0000 | Improvements Assessment | $91,550 |
| Land Assessment | $21,850 | Total Assessment | $113,400 |
PROPERTY TAXES
Parcel Number
331300-013-000-0005-028.000-0000
Land Assessment
$21,850
Improvements Assessment
$91,550
Total Assessment
$113,400
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