
Located in the center of Boiceville next to the High School and across from the Boiceville Market. 7 unit mixed use property offering a 2,500+ square foot retail/restaurant space in the front building with two apartments. The back building is a 3 unit apartment house with all updated utilities. There is also plenty of parking and a rented 2-car garage. The Retail/Restaurant space is currently vacant and advertised at a low rent of $1,500 a month including all utilities, has a full bar, hard wood floors and a kitchen with hood and water and gas connections (other kitchen equipment has been removed). Retail space could be great for a flea market, antique shop of as it is a restaurant space. Cap at asking is 6.71% but that’s based on the current below market rent rates. Cap rate at more fair market rents is 10%. Please see associated docs for actual and ProForma income and expenses. List agent is part owner.
View full listing detailsPrice: | $$495,000 |
Address: | 4072 Route 28 |
City: | Boiceville |
County: | Ulster County |
State: | New York |
Zip Code: | 12412 |
MLS: | 20214463 |
Year Built: | 1960 |
Square Feet: | 5,000 |
Acres: | 1.500 |
Lot Square Feet: | 1.500 acres |