Carol S. Landau

3235 State Street, Caledonia, NY 14423

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Property Description

Turnkey commercial investment opportunity in a high-visibility Caledonia location offering strong cash flow, long-term lease stability, and future flexibility. This unique property includes two separate commercial buildings with established tenants already in place under newly structured long-term NNN leases. The property generates $42,000 in gross annual rent with one tenant secured under a new 3-year lease with renewal options, and the second tenant committed to a new 5-year lease with additional renewal options in place. With minimal landlord responsibilities under the NNN lease structure, this property delivers an impressive 12.4% cap rate at the $340,000 list price. Automotive zoning adds tremendous long-term value by allowing for a wide range of future business uses if an investor ever chooses to reposition the property. A large parking lot supports steady customer traffic for both businesses, while the village location provides excellent exposure and consistent drive-by visibility. Seller financing available with $100,000 down, creating a rare opportunity to acquire a high-performing commercial asset with flexible financing terms and immediate income from day one.

3235 State Street | MLS# R1677342

This commercial property located at 3235 State Street, Caledonia, NY 14423 is currently listed for sale with an asking price of $340,000. State Street is located within the Caledonia-Mumford school district. Search Caledonia real estate on carol-landau.coldwellbankerprime.com today.

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Property Features

Property Type: Commercial - Business
Cooling: HeatPump, Zoned
Heating: HeatPump, Other, SeeRemarks, Zoned
Lot Size: 0.96 Acres
Roof Type: Asphalt
Stories: 1.0
Taxes: $4,913
Year Built: 1965

Feature Descriptions

Days on Site: 23
Flooring: Concrete
Lot: IrregularLot
Lot Dimensions: 195X214
Parcel#: 242201-008-009-0002-059-000-0000
Parking: Common, OnSite
Parking Notes: Common, OnSite
Sewer: PublicSewer
Utilities: SewerConnected, WaterConnected
Water: Public

Local Schools

School District: Caledonia-Mumford

Demographics

Listed By / Shown By

Listing By

Agency Name: RE/MAX Titanium LLC
Agency Phone: 585-395-9574

Shown By

Agent Name: Carol S. Landau
Agent Phone: (518) 810-4017 Cell
Agency Title: Coldwell Banker Prime Properties

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