3225-3229 State Street 2 Retail Properties Offered at $340,000 in Caledonia, NY

Turnkey commercial investment opportunity in a high-visibility Caledonia location offering strong cash flow, long-term lease stability, and future flexibility. This unique property includes two separate commercial buildings occupied by established tenants operating under newly structured long-term NNN leases. The property currently generates $42,000 in gross annual rental income and delivers an impressive 12.4% cap rate at the $340,000 asking price.
The lease structure minimizes landlord responsibilities while providing stable income from day one. One tenant is secured under a new 3-year lease with renewal options, while the second tenant has committed to a new 5-year lease with additional renewal options already in place.
Automotive zoning creates additional long-term value and flexibility by allowing for a wide variety of future commercial uses should an investor choose to reposition the property. A large parking lot supports steady customer traffic for both businesses, while the village location provides strong visibility and consistent drive-by exposure.
Seller financing available with $100,000 down, creating a rare opportunity to acquire a producing commercial asset with flexible acquisition terms and immediate cash flow.