280 Main StMassena, NY 13662

For Sale
$485,000

Prime Main Street location, high ROI potential.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional 2,400 square foot commercial land parcel, located at 280 Main Street in Massena, New York (zip code 13662), presents a compelling investment opportunity. Situated just one block from St. Regis Boulevard, the property is in excellent condition and requires no deferred maintenance. Currently leased to a government agency under a lucrative, long-term lease, this property offers a strong and stable income stream. The current cap rate is 8.6%, with additional financial details available upon request. This property is part of a larger five-property portfolio, offering potential for significant economies of scale. Three properties within the portfolio are leased to government agencies, one to a medical facility, and one includes five duplex units. The entire portfolio is available for purchase at a discounted price. Further enhancing the property's value is an additional parking lot located directly across the street, providing ample parking for tenants and visitors. This is a rare opportunity to acquire a well-maintained, high-yield commercial property in a desirable location. Serious inquiries are encouraged.

Highlights

  • $485,000 asking price.
  • 2,400 square foot commercial land parcel.
  • Located at 280 Main Street, Massena, NY 13662.
  • Excellent condition with no deferred maintenance.
  • Leased to a government agency with a long-term lease.
  • 8.6% cap rate.

Location Insight

City
Massena
County
St. Lawrence
State
New York
Latitude
44.9458826
Longitude
-74.9015286
280 Main St, Massena, New York

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280 Main St
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