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3 Geddes Street Ext 24,379 SF 14% Leased Retail Building Holley, NY 14470 $593,266 CAD ($24.34 CAD/SF) 4.80% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Property is well suited for grocery store. Ample parking parking 65 surface spots available.
  • Grand setter offer to get a grocery store set up here! Also Tax incentives available!
  • Taxes, Interior and exterior maintenance are shared between the pharmacy tenant and current landlord.
  • Start getting rental income from day 1 while setting up your business.
  • Phase 1 completed when current owner purchased and phase 2 was completed in 1998.
  • Renovations completed in 2013 including a new metal long lasting roof.

EXECUTIVE SUMMARY

Opportunity of a lifetime: Prime commercial property with a lot of potential! A grocery store will be a boom to this town, which has been designated as a food desert. Potential buyers are eligible for low-cost loans and grants if they invest in the construction of the store. The village of trustees are also eager for a new grocery store in town. The property is well-suited for a grocery store, as it has 24,379 square feet of market space, along with extensive office space and a pharmacy with lease income, which is in the same building. The pharmacy will provide additional income while a business owner or investor is getting up and running. The former grocery store is complete with coolers, freezers, and meat prep areas, all of which will make the investment and construction easier. Also, a major advantage of establishing the store here is that it's located strategically in a college town, near businesses and universities. This will provide plenty of foot traffic, as well as easy connectivity and visibility, which will be essential for deliveries. The area has a high demand for groceries, so a new grocery store will be sure to succeed. If a food-related business doesn’t appeal, there is also extensive warehouse space that could be used for storage or manufacturing. The warehouse is complete with a loading dock, drive-in doors, and a variety of office spaces. It’s also located right off the highway, which makes it an appealing location for warehousing. Storage rent for the whole building will be very nominal. There is tons of open space so the possibilities for a new business are endless. If you’re looking for an attractive investment, or you’re a business person looking for an excellent business opportunity, don’t miss this!!!

Grand setter offer to get a grocery store set up here! Also Tax incentives available!

FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access

ANNUAL (CAD) ANNUAL PER SF (CAD)
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Net Operating Income - -

FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access

Gross Rental Income (CAD)
Annual $99,999
Annual Per SF $9.99
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $99,999
Annual Per SF $9.99
Net Operating Income (CAD)
Annual -
Annual Per SF -

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Supermarket
Building Size
24,379 SF
Building Class
C
Year Built/Renovated
1969/2013
Price
$593,266 CAD
Price Per SF
$24.34 CAD
Cap Rate
4.80%
NOI
$28,484 CAD
Percent Leased
14%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.37
Lot Size
1.50 AC
Zoning
C-1 - General Commercial
Parking
50 Spaces (2.27 Spaces per 1,000 SF Leased)
Frontage
341’ on Geddes Street

AMENITIES

  • Security System
  • Wheelchair Accessible
  • Storage Space
  • Smoke Detector

MAJOR TENANTS Click Here to Access

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Holly Pharmacy
  • Retailer
  • 99,999 SF
  • -
  • Lorem Ipsum
  • -
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Holly Pharmacy Retailer 99,999 SF - Lorem Ipsum -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
343201 88.5-2-53
Land Assessment
$27,404 CAD
Improvements Assessment
$359,057 CAD
Total Assessment
$386,460 CAD
  • Listing ID: 34671881

  • Date on Market: 2025-01-31

  • Last Updated:

  • Address: 3 Geddes Street Ext, Holley, NY 14470

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