Under contract
Active Under Contract
662-668 South Main Street
Hastings NY, 13036
$799,900
$75.45 per sqft
Under contract
Active Under Contract
10,602 sqft
Commercial
Built in 1980
RARE opportunity to own a 100% occupied and cash-flowing retail strip mall in a prime location. Situated in the heart of Central Square, NY this center is located at a high traffic point giving lots of visibility. Well established tenants with thriving businesses throughout the entire property serving as a great retail mix. 9 total diverse tenants. 9 storefronts with 1 two bedroom apartment on the second level. Major capex invested by the current owner in the last several years. Strong basis at only $90/sf. Room to grow rents to market rate of about $16/sf and bill back CAM's. NOI currently sits at $70,842 valuing this property at a 8.86% cap rate. Each tenant has a meter for gas/electric and pays their own utilities. Landlord pays water/sewer and one house meter on each building for exterior lighting. Water/sewer/taxes/insurance/exterior maintenance can be billed back to tenants allowing for a NN or NNN opportunity. This plaza consists of two buildings and two separate tax parcels.
S1545548
MLSⓇ ID
June 14, 2024
Listed
December 7, 2024
Updated
Map
662-668 South Main Street
Hastings NY, 13036
Interior Features
Total Stories
2
Fireplace
No
Cooling
No
Heating
Yes
Heating Description
Electric, Gas, Forced Air
Exterior/Building Features
Lot Size
0.31 Acres
Roof
Asphalt, Membrane, Rubber
Sewer
Public Sewer
School Information
School District
Central Square
Other Property Details
Area Name
Central Square-Village-353201
Taxes
$13,063
Tax Frequency
Annually
Days on Market
176
Garage
No
Parking Total
21
View
No
County
Oswego
Municipality
Central Square-Village
Water Source
Public
Pool
No
Zoning
Com-1
Listing History
Date | Event | Price |
|---|---|---|
10/28/2024 | Under contract | — |
9/13/2024 | Active | — |
6/26/2024 | Under contract | — |
Courtesy of Hunt Real Estate ERA, Dante Belmonte
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Data last updated 2:08 PM UTC, 12/7/2024