306 East Center Street, Ridgeway, New York 14103, Ridgeway, New York 14103
Square Footage : 2,209 Sqft
Visits : 3 in 22 days
$165,000
Features
Heating System :
Heat Pump, Zoned, Other, See Remarks
Cooling System :
Zoned, Central Air, Heat Pump
Basement :
No
Parking :
7
Parking Features :
On Site, Surfaced
Pool Expense : $0
Roof :
Asphalt, Other, See Remarks
Sewer :
Public Sewer
Address Map
State :
NY
County :
Orleans
City :
Ridgeway
Zipcode :
14103
Street : 306 East Center Street, Ridgeway, New York 14103
Floor Number : 0
Longitude : W79° 37' 1.8''
Latitude : N43° 13' 12.6''
MLS Addon
Office Name : RE/MAX Titanium LLC
Association Fee : $0
Bathrooms Total : 0
Building Area : 2,209 Sqft
Business Type :
Recycling
CableTv Expense : $0
Construction Materials :
Wood Siding
DOM : 13
Electric Expense : $0
Flooring :
Vinyl, Linoleum
Internet Address Display : 1
Internet Listing Display : 1
SyndicateTo : Realtor.com
Listing Terms : Cash
Lot Features :
Rectangular, Rectangular Lot
LotSize Dimensions : 82X158
Maintenance Expense : $0
Parcel Number : 343401-080-009-0001-051-011
Special Listing Conditions :
Standard
Stories Total : 1
Utilities :
Sewer Connected, Water Connected
Zoning : 07
Property Description
This 2,209 sq. ft. commercial property with an additional garage for storage offers a unique investment opportunity with a 10% cap rate. Located on one of the busiest roads in the Village of Medina, near the high-traffic intersection of East Center and Main, this property enjoys excellent visibility with a daily traffic count of 3,044. Currently occupied by the building owner, who wishes to sell the property and lease it back, this property ensures a stable and hassle-free income stream for potential investors. The building owner is prepared to sign a Triple Net (NNN) Lease at $1,500 per month. Flexible lease options include a 10-year lease or a 5-year lease with two additional 5-year renewal options, offering versatility and long-term stability. With its prime location and consistent foot and vehicle traffic, this property is ideally positioned to attract attention and generate reliable returns. Don’t miss this chance to secure a long-term tenant in a highly visible area of Medina.