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Stefan Marikovics

stefan@paperbirchproperties.com +1(516) 974-8882

$ 165,000

Est. payment -/mo

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Active

306 E Center ST Medina, NY 14103

2,209 SqFt

UPDATED:

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

Listed by RE/MAX Titanium LLC

Stefan Marikovics

Associate Broker / Market Center Operating Principal

+1(516) 974-8882

Stefan Marikovics

306 E Center ST Medina, NY 14103

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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306 E Center ST