502 Columbia PikeNew Lebanon, NY 12125

Property Details for 502 Columbia Pike

Year built

1970

Lot size

2.00 AC

Property size (Sq ft)

14,488 SF

Property type

Retail properties

Property subtype

Lifestyle centers

Description

This exceptional investment opportunity presents a fully leased, multi-tenant retail center in New Lebanon, NY. The property, located at 502 Columbia Pike, comprises two single-story buildings totaling 14,488 square feet on a 2-acre lot. Built in 1970 and extensively renovated in 2019, the Class B property boasts 67 parking spaces and features a diverse tenant mix including a bank, USPS, Family Dollar, and others. Seven long-term tenants ensure stable income with a current Net Operating Income (NOI) of $202,306 and a 7.50% cap rate. The property enjoys 100% occupancy with a remaining lease term of 5 years. The asking price is $2,700,000, and seller financing may be available to qualified buyers with a suitable down payment. The property's strong cash flow, diverse tenancy, and prime location make it an attractive investment prospect. All offers must include proof of funds. The property features approximately 247 feet of road frontage. The legal description is APN 104800-019-002-0001-048-000-000, and the property is offered fee simple. Cash offers and third-party financing offers are accepted.

Location Insight

City

New Lebanon

County

Columbia

State

New York

Latitude

42.4679

Longitude

-73.3909

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