306 E Center ST Active Save Request In-Person Tour Request Virtual Tour
Medina,NY 14103
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 2,209 sqft
Price per Sqft $74
MLS Listing ID R1613011
Construction Status Existing
HOA Y/N No
Year Built 1960
Annual Tax Amount $2,761
Lot Size 0.298 Acres
Acres 0.2977
Lot Dimensions 82X158
Property Description
This 2,209 sq. ft. commercial property with an additional garage for storage offers a unique investment opportunity with a 10% cap rate. Located on one of the busiest roads in the Village of Medina, near the high-traffic intersection of East Center and Main, this property enjoys excellent visibility with a daily traffic count of 3,044. Currently occupied by the building owner, who wishes to sell the property and lease it back, this property ensures a stable and hassle-free income stream for potential investors. The building owner is prepared to sign a Triple Net (NNN) Lease at $1,500 per month. Flexible lease options include a 10-year lease or a 5-year lease with two additional 5-year renewal options, offering versatility and long-term stability. With its prime location and consistent foot and vehicle traffic, this property is ideally positioned to attract attention and generate reliable returns. Don't miss this chance to secure a long-term tenant in a highly visible area of Medina. Contact us today for more information!
Location
State NY
County Orleans
Area Medina Village-Ridgeway-343401
Zoning Commercial
Rooms
Basement None
Interior
Heating Heat Pump,Other,See Remarks,Zoned
Cooling Heat Pump,Zoned,Central Air
Flooring Linoleum,Vinyl
Inclusions Building Only
Fireplace No
Exterior
Utilities Available Sewer Connected,Water Connected
Roof Type Asphalt,Other,See Remarks
Total Parking Spaces 7
Building
Lot Description Rectangular,Rectangular Lot
Story 1
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Wood Siding
Construction Status Existing
Schools
School District Medina
Others
Tax ID 343401-080-009-0001-051-011
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Standard