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Verizon 266 W Main St 4,000 SF Retail Building Malone, NY 12953 $850,558 CAD ($212.64 CAD/SF) 6.50% Cap Rate
Investment Highlights
- Bite Size Deal
- Strong Retail Presence
- Early 5 Year Renewal
- Excellent Frontage Along Highly Trafficked Thoroughfare
- Long-Term Tenant Commitment
- Webster Manor Apartment Homes
Executive Summary
Surmount is pleased to present the exclusive listing for a Verizon located at 266 West Main Street, Malone, NY 12953. The site consists of roughly 4,000 rentable square feet of building space on an estimated .55-acre parcel of land. Verizon is subject to a 20-year Double Net (NN) lease, which commenced 10/11/2011. 266 West Main Street, Malone, NY 12953.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
4,000 SF
Building Class
C
Year Built
2004
Price
$850,558 CAD
Price Per SF
$212.64 CAD
Cap Rate
6.50%
NOI
$55,286 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
0.55 AC
Opportunity Zone
Yes
Zoning
Cu - Central commerical zoning.
Frontage
134’ on West Main Street
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Not bikeable
10/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 164801-112-031-0005-004-000-0000 | Improvements Assessment | $279,432 CAD |
| Land Assessment | $139,716 CAD | Total Assessment | $419,148 CAD |
Property Taxes
Parcel Number
164801-112-031-0005-004-000-0000
Land Assessment
$139,716 CAD
Improvements Assessment
$279,432 CAD
Total Assessment
$419,148 CAD
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Verizon | 266 W Main St
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