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1253 W Danby Rd
Newfield, NY 14867
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Fantastic location convenient to downtown, state parks and commuters
- Leasable space for ice cream, coffee, sandwich shop, etc.
- Possibility for further expansion or development on 6.6 acres
- Turnkey business with staff in place, included in sale price
- Passive income established with fully-functioning laundromat
EXECUTIVE SUMMARY
Phenomenal opportunity to own a lucrative service station, convenience store, laundromat and ice cream shop in the heart of the Finger Lakes! Located just south of Ithaca, New York, a bustling locale with two universities and commercial growth. This building and acreage are competitively priced, and with multiple business options; turnkey and cashflowing, you can continue with the staff and businesses as they are, or lease out the divided spaces as you see fit. All three spaces were renovated between 2022 and 2023, along with many new appliances (call for FFE list). On top of what's already in place, this property includes over 6 acres prime for expansion or development. Financials are available and require an NDA.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
4,840 SF
Building Class
B
Year Built
1970
Cap Rate
11.70%
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.02
Lot Size
6.60 AC
Frontage
110’ on West Danby Road
AMENITIES
- Signage
- Storage Space
PROPERTY TAXES
| Parcel Number | 503400-004-000-0001-029-136-0000 | Improvements Assessment | $383,226 CAD |
| Land Assessment | $37,902 CAD | Total Assessment | $421,128 CAD |
PROPERTY TAXES
Parcel Number
503400-004-000-0001-029-136-0000
Land Assessment
$37,902 CAD
Improvements Assessment
$383,226 CAD
Total Assessment
$421,128 CAD
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