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Key Details
Sold Price $1,080,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
Subdivision Plum Point Office Comple
MLS Listing ID H6179753
Year Built 1980
Annual Tax Amount $58,057
Property Description
This is a much sought after, fully occupied Medical Office Complex on long term leases with multiple Medical related tenants and a cap of 5%. The site is a level corner location at the signaled intersection of Union Avenue & Route 9W. The brick exterior and compact site plan make for an efficient and low maintenance investment. Current tenants include Horizon Medical with Primary, Pulmonary & Critical Care, a Dentist, & a General Practitioner. Leases are between 2 and 5 years; see the income and expense sheet contained within this listing. Gas heat, hot water, electric, water, sewer, and rubbish are all paid for by the tenants. All of the HVAC units have been replaced in the past five years. Opportunity has one hair on its head, this is as wonderful as it gets. The building is in first rate condition and is easy to run and maintain.
Location
State NY
County Orange
Zoning Neighboorhood Commercial
Interior
Heating Natural Gas, Forced Air
Cooling Central Air
Building
Sewer Public Sewer
Water Public
Structure Type Batts Insulation, Brick, Frame
Schools
School District Newburgh
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Bought with John J Lease REALTORS Inc