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270 Lake St
Penn Yan, NY 14527
Office Property For Sale
Executive Summary
Great Opportunity for Investor looking for a Finger Lakes Region Asset at the N.E. end of Keuka Lake in the Village of Penn Yan Commercial District.
Located across from the Hampton Inn and Knapp & Schlappi Lumber Yard.
The Gross Bldg. Area is 21,227 SF is situated on 2.4 acres offering 65 parking spaces.
It is Zoned General Commercial.
A mix of Professional Office, Wellness Services and Retail Services-it is a well-cared for Building with updated infrastructure.
Offering a Net Operating Income of $124,071/yr.
Located across from the Hampton Inn and Knapp & Schlappi Lumber Yard.
The Gross Bldg. Area is 21,227 SF is situated on 2.4 acres offering 65 parking spaces.
It is Zoned General Commercial.
A mix of Professional Office, Wellness Services and Retail Services-it is a well-cared for Building with updated infrastructure.
Offering a Net Operating Income of $124,071/yr.
Property Facts Under Contract
Sale Type
Investment
Property Type
Building Size
19,752 SF
Building Class
B
Year Built
1991
Price
$1,823,994 CAD
Price Per SF
$92.34 CAD
Cap Rate
9.58%
NOI
$174,753 CAD
Percent Leased
95%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
19,752 SF
Building FAR
0.19
Lot Size
2.40 AC
Zoning
General Commercial
Parking
50 Spaces (2.53 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 573001-061-034-0001-046-000-0000 | Improvements Assessment | $936,522 CAD |
| Land Assessment | $200,064 CAD | Total Assessment | $1,136,586 CAD |
Property Taxes
Parcel Number
573001-061-034-0001-046-000-0000
Land Assessment
$200,064 CAD
Improvements Assessment
$936,522 CAD
Total Assessment
$1,136,586 CAD
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