Overview
Description
Grocery-anchored multi-tenant retail plaza for sale – Middleburgh Meadows Plaza, 174 Marjorie Lane, Middleburgh, NY – offered at $2,950,000 ($122.91 PSF) with a 6.72% cap rate. Built in 2018, this modern two-building center totals 24,002 SF on 4.00± acres with 120 parking spaces (5:1 ratio). NNN leases with annual increases provide stable income and minimal management. Anchored by a regional grocery tenant and adjacent to new residential development. Municipal water, private septic, 4,703 AADT. Excellent investment opportunity in a growing market.
Address: 174 Marjorie Lane, Middleburgh, NY 12122
City: Middleburgh
State/County: Schoharie
Zip: 12122
Country: United States
Property Id: 649180
Price: $ 2,950,000
Property Size: 24,002 ft2
Property Lot Size: 4 ft2
Listed By: Rudy R Lynch
ListAgentDesignation: Certified Commercial Investment Member / CCIM
Listing Agent Email: rudy@carrowrealestate.com
Listing Agent Phone: 518-337-3705
Listing Brokerage: Carrow Real Estate Services LLC
Other Features
Has Cooling System
Has Heating System
$ 15,125.23
per month
- Principal and Interest
- Property Tax
- HOA fee
$ 11,437.73
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