Description
Industrial Re-Development Opportunity with $1, 500, 000 + total income from a single tenant over the next 12 years. Current income of approximately $11, 000 per month, $132, 000 per year. After new construction the projected annual income is $434, 000. Site plans include construction of a 19, 000 SF warehouse with 30’ ceilings connected to an existing 8, 000 SF building for a total of 27, 000 SF combined. Plans include an addition to the existing 8, 000 SF building that is a NNN single tenant. Photos are the 8, 000 SF building and the construction site. All utilities are connected. Tenant’s lease expires Sept 2025 and has two 5-year option renewals. All plans, elevations, pro forma and copy of lease is available. Site is shovel ready, income producing, and is a great location just off Route 9W.
More Property Details
Lot Size: 1.93
Lot Sq Ft: 84071
Water: Public
Sewer: Public Sewer
Taxes: $38,641
School District: Haverstraw-Stony Pt (North Rockland)