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Active - Business for sale
10 Wallace Street # 866, Otisville, NY 10963
Facts & features
Why you’ll love it
- Solar
Opportunity knocks. Profitable hardware store and assemblage of buildings in the heart of Otisville, which is a growing area of the County. Real estate is being sold which is now an existing hardware store leased to Otisville Hardware and presently has franchises of True Value, Do it Best and Benjamin Moore. Inventory is not included nor are franchises. Financials available upon request. Solar on roof which cost $110,000 is fully paid for and included in sale. The main store is 7,296 sf with an accessory warehouse next door with 2,400 sf. The multi-family is 1,856 sf and has two one bed, one bath apartments, fully leased. In the rear of the residential lot is a greenhouse and is leased by the hardware store. Currently the residential rent roll is $12,000 per year, however these are under market rents. Pro-Forma rent roll is estimated at $24,000 annually. Another option is to purchase the business and lease the main store and warehouse. Seller would consider a 1-2 year leaseback.
Listed by: Joseph Distelburger • jdistelburger@gmail.com • Keller Williams Realty
Co-listed by: Silvio Perez lll • silvioperezrealestate@gmail.com • Keller Williams Realty
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Affordability
$5,943/mo
- Mortgage$4,551
- Property tax$1,392
- HOA fee
- Homeowners insurance
Beycome estimates only. Actual amounts and terms vary by lender and location.
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About Otisville
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Disclaimer
No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided.
