$700,000
$795,000
11.9%For more information regarding the value of a property, please contact us for a free consultation.
5,000 Sqft Lot
SOLD DATE : 02/02/2022
Key Details
Sold Price $700,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
MLS Listing ID KEYH6122909
Sold Date 02/02/22
Originating Board onekey2
Rental Info No
Annual Tax Amount $16,332
Lot Size 5,000 Sqft
Acres 0.1148
Property Description
Great investment opportunity, in downtown Harrison. Larger unit is currently rented by Piero's Restaurant, at $3,846 monthly, with 4 years, left on the current lease, plus a 10 year option to extend. Smaller store, has been recently rented at $2,750 per month, with a 15 year lease. This lease may be cancelled, due to a 90 day due diligence clause. Great for an investor, or a user of the smaller store, if cancelled. Great corner lot. Walk to train, village and stores. Downtown Harrison is going through a major revitalization, such as the Metro-North, the movie theater project and Calvert street, that will consist of residential units and retail combined. Other smaller similar projects are also taking place throughout downtown Harrison. This area is zoned for Multi-family, with limited retail. Can add 3 more levels above stores with residential units. Cap rate is 7.5%.
Location
State NY
County Westchester County
Interior
Heating Forced Air, Natural Gas
Cooling Central Air
Fireplace No
Appliance Gas Water Heater
Building
Lot Description Corner Lot, Level
Sewer Public Sewer
Water Public
Structure Type Block
Schools
School District Harrison
Others
Special Listing Condition None
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Bought with Berkshire Hathaway HS West. Pr
477 Madison Ave. 6th Floor, Suite 100, York, NY, 10022, United States