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4190 State Highway 3 9,164 SF Retail Building Star Lake, NY 13690 $1,750,000 ($190.96/SF)
Investment Highlights
- Prime Location
- Established customer base
- Multigenerational established business with community presence
Executive Summary
Property Facts
Amenities
- Corner Lot
- Signage
- Storage Space
- Smoke Detector
About 4190 STATE HIGHWAY 3 , STAR LAKE, NY 13690
Rare opportunity to acquire an income-producing, turnkey, well established, fully operational hardware and supply business in the heart of the Adirondacks with real estate, equipment and substantial inventory included. Prime location on State Highway 3, this multibuilding property spans 5 parcels and features a high visibility store front, multiple storage/warehouse buildings, lumber yard, garage, an on site apartment and 2 areas of deeded lake access, providing flexibility for both business operations and additional income potential. The business has a long standing, multigenerational presence in the community, serving both year-round residents and seasonal visitors with consistent demand for hardware, building materials, and essential goods in a market with limited competition. There is opportunity to increase revenue through expanded hours, product offerings, enhanced merchandising, or online sales. Detailed financials will be provided to qualified buyers. Corporation name not being sold.
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
- -
The company traces its roots to 1948, when John Cotter founded Cotter & Company as a retailer-owned business. In the early 1960s, Cotter acquired the True Value trademark, and the business evolved into a hardware wholesale and brand network for independent retailers. Today, the company focuses on hardlines wholesale operations and supplies hardware, home improvement, lawn and garden, and related merchandise. Its business model also includes marketing programs, product availability support, and services designed to help independent store operators run and grow their businesses.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 403600-224-030-0001-007-000-0000 | Improvements Assessment | $150,400 |
| Land Assessment | $6,600 | Total Assessment | $157,000 |
Property Taxes
Presented by
Homes Realty of Northern New York
4190 State Highway 3
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