31 Main Street

About this home

NEW PRICE - UNIQUE PROPERTY OFFERING No additional due diligence needed, the property was checked and remediated several years ago with all DEC documents available. INVESTMENT OVERVIEW: LAND AND SITE IMPROVEMENTS: Included in the sale are three distinct lots or parcels, which together span more than three acres. The property is further enhanced by key site improvements, such as extensive asphalt paving, a gas station currently maintained by the Gas Company, but operated by the current Tenant, an air station, and the primary building. The specific parcels included are identified as LOTS 44.16-2-23, 44.16-2-24, and 44.16-2-25. INVESTMENT HIGHLIGHTS: This property presents a strong investment opportunity with an established tenant already in place, providing immediate rental income and dependable cash flow. Based on the current income structure, the investment has the potential to be recouped in under five years. • Flexible gas station operations: the investor may either operate the gas station directly; allow the current tenant to continue managing it or make a deal with the Current Operator for a Percentage. • Projected annual income ranges from $18,000 to $36,000, depending on the chosen operating structure. • The current tenant is responsible for annual property taxes of $23,300, along with maintenance, utilities, and related operating costs. • This arrangement may provide nearly $60,000 in annual savings, reducing the investor’s operating burden and improving overall profitability. • The Lease can be improvised to add another tenant and to increase the overall potential income. BUILDING FEATURES AND LEASING FLEXIBILITY: The main building contains 15,400+/- square feet and offers flexible space for a variety of business uses. Its layout allows for convenient subdivision, giving the owner the option to lease portions of the property to multiple tenants.

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Location

Sherburne, NY 13460 · Chenango County

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