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31505021
31505022

132 1/2 Albany St, Cazenovia, NY 13035

AS
NY 10401332986
Arlie Brokerage
Listed by Arlie Brokerage
$679,000
88 days on market
Updated 16 days ago

132 1/2 Albany St

Details
Property Type Office
Sub Type Medical Office
Square Footage 5,940
Cap Rate 9.37%
NOI $63,624
Occupancy 100%
Tenancy Multi
Lease Type Modified
Pro-Forma Cap Rate 9.94%
Pro-Forma NOI $67,500
Price per SqFt $114
Class B
Buildings 1
Stories 1
Acreage 1.110
Investment Type Stabilized

Stable 3 Tenant Turnkey Investment Opportunity

Marketing description

132 1/2 Albany Street | Cazenovia, NY Multi-Tenant Commercial Investment | Stable Income | Value-Add Upside

Presenting a well-maintained, multi-tenant commercial property in the heart of Cazenovia, New York — a charming, high-demand village with strong economic fundamentals and a loyal business community.

This three-tenant income-producing asset offers investors exceptional stability, with long-term occupancy dating back to 2010 across all three tenants. Two of the three leases extend through 2027 and 2028, providing immediate cash flow security and meaningful lease term remaining at acquisition.

The property has been recently improved with a fully renovated front entry, including new concrete flatwork and updated railings — enhancing curb appeal and reducing near-term capital expenditure requirements. The building presents in solid condition and reflects pride of ownership throughout.

Investment Highlights:

  • 3 established tenants, all in occupancy since 2010
  • Two leases with terms extending to 2027 and 2028
  • Recently renovated front entry with new concrete and railings
  • Value-add opportunity through interior suite upgrades
  • Additional upside potential via vending contract optimization
  • Located in desirable Cazenovia, NY — a stable, supply-constrained market
  • Additional parcel that is vacant has a separate tax ID number to some effect, allows for easy entry to lot.

This offering is ideal for the investor seeking a reliable income stream with a clear path to increased returns through light interior improvements and operational enhancements. Cazenovia's limited commercial inventory and strong tenant retention make this a compelling long-term hold.

All financial information available upon execution of a Confidentiality Agreement. Do not disturb tenants. All inquiries to be directed to the listing broker.

Investment highlights

132 1/2 Albany Street | Cazenovia, NY Multi-Tenant Commercial Investment | Stable Income | Value-Add Upside

Presenting a well-maintained, multi-tenant commercial property in the heart of Cazenovia, New York — a charming, high-demand village with strong economic fundamentals and a loyal business community.

This three-tenant income-producing asset offers investors exceptional stability, with long-term occupancy dating back to 2010 across all three tenants. Two of the three leases extend through 2027 and 2028, providing immediate cash flow security and meaningful lease term remaining at acquisition.

The property has been recently improved with a fully renovated front entry, including new concrete flatwork and updated railings — enhancing curb appeal and reducing near-term capital expenditure requirements. The building presents in solid condition and reflects pride of ownership throughout.

Investment Highlights:

  • 3 established tenants, all in occupancy since 2010
  • Two leases with terms extending to 2027 and 2028
  • Recently renovated front entry with new concrete and railings
  • Value-add opportunity through interior suite upgrades
  • Additional upside potential via vending contract optimization
  • Located in desirable Cazenovia, NY — a stable, supply-constrained market

This offering is ideal for the investor seeking a reliable income stream with a clear path to increased returns through light interior improvements and operational enhancements. Cazenovia's limited commercial inventory and strong tenant retention make this a compelling long-term hold.

All financial information available upon execution of a Confidentiality Agreement. Do not disturb tenants. All inquiries to be directed to the listing broker.

Listing Contacts

AS
NY 10401332986
Arlie Brokerage
Listed by Arlie Brokerage

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$63,624.00
$5,302.00/mo

Valuation Metrics

0
DSCR
9.37%
Cap Rate
9.37%
ROI

Map

Zoning

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B-1 CommercialGeneral CommercialGeneral Business District
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Last updated Apr 1, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Tax History

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Additional Information

Name
Alec Sessa
License
10401332986
Brokerage Address
7030 East Genesee Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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