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Landmark Grille 4072 State Route 28 7,000 SF Retail Building Boiceville, NY 12412 $399,900 ($57.13/SF) 5.75% Cap Rate
Executive Summary
Located in the center of Boiceville next to the High School and across from the Boiceville Market. 7 unit mixed use building having 5 residentialunits a first floor retail/office space was previously a restaurant and still retains the cooking hood and some systems along with a large bar. Lowrent could be great for a flea market, antique shop, office space or gallery. There is also a garage rental. Cap at asking 3.31% but that's based on the current below market rent rates. Please see associated docs for actual and ProForma income and expenses. List agent is part owner.
Property Facts Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
7,000 SF
Building Class
C
Year Built
1920
Price
$399,900
Price Per SF
$57.13
Cap Rate
5.75%
NOI
$23,005
Tenancy
Single
Building Height
2 Stories
Building FAR
0.08
Lot Size
2.00 AC
Zoning
02
Frontage
175’ on Route 28
Amenities
- Freeway Visibility
- Pylon Sign
- Restaurant
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Not bikeable
10/100
Property Taxes
| Parcel Number | 4000-036.011-0001-027.111-0000 | Improvements Assessment | $227,400 |
| Land Assessment | $60,100 | Total Assessment | $287,500 |
Property Taxes
Parcel Number
4000-036.011-0001-027.111-0000
Land Assessment
$60,100
Improvements Assessment
$227,400
Total Assessment
$287,500
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Landmark Grille | 4072 State Route 28
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