Available for purchase is a +/-7,047 square foot mixed use building on Wolcott Road (Route 69). The property features a three bedroom apartment, three office spaces, an auto body shop, and a small garage. The three bedroom apartment was just rented for $1,200 per month with a fresh one-year lease. Two of the three offices are rented to Collaborative Counseling, LLC for $1,100 per month and the other office is rented to J&M Restaurant for $400 per month. The auto body shop is rented for $2,350 per month by B&N Auto Shop and the small garage is rented to Dr. Green for $500 per month, along with 8 parking spaces. All tenants pay their own utilities and all units are separately metered.
The owner of the building holds an auto dealer license for this property and is willing to transfer the license with the sale, should the new buyer want it. The current auto tenant does repairs, not sales, but the license allows sales. Wolcott requires 3+ acres for this license and the property qualifies.
With the exception of the apartment, all tenants are month-to-month but have occupied the property for years, making this opportunity suitable for an investor or an owner/user. The property earns an NOI of $49,515 annually, equating to a 9.4% CAP rate.
Abundant parking, newer roof, large flat lot with excellent visibility at the corner of Route 69 and Woodtick Road.