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Key Details
Sold Price $1,490,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
MLS Listing ID KEYH6267758
Sold Date 08/29/24
Originating Board onekey2
Rental Info No
Year Built 1996
Lot Size 1.100 Acres
Acres 1.1
Property Description
This is an investor property with 20 years remaining on a 30 year lease Beginning November 1, 2023 the tenant will will pay $150,000 per year on a triple net lease for the next 5 years with the rent increasing $6000 per year every 5 years ,until reaching $168,000 per year starting November 1, 2038 until November 1, 2043.
Location
State NY
County Orange County
Interior
Heating Forced Air, Natural Gas
Cooling Central Air
Fireplace No
Appliance Gas Water Heater
Exterior
Parking Features Parking Lot
Building
Lot Description Level
Sewer Public Sewer
Water Public
Structure Type Frame
Schools
School District Newburgh
Others
Special Listing Condition None
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Bought with John J Lease REALTORS Inc
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