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33346406
33346375

8 New York 31, Jordan, NY 13080

AF
NY 10401394530
$650,000
0 days on market
Updated 0 days ago

8 New York 31

Details
Property Type Retail, Industrial (+1)
Sub Type Auto Shop, Warehouse (+1)
Square Footage 9,115
Units 6
NOI $70,000
Occupancy 66%
Year Built 1995
Year Renovated 2011,2014
Buildings 1
Acreage 1.210
Zoning Commercial
Parking Spaces 33 spaces
Parking Per SqFt 3.62
Ground Lease No
Sale Condition N/A

Welcome to 8 State Route 31 in Jordan, NY! This exceptional 6-unit commercial building.

Marketing description

Welcome to 8 State Route 31 in Jordan, NY! This exceptional 6-unit commercial building presents a rare investment opportunity in a highly visible and convenient location with strong potential for long-term growth and income stability. The property features a well-balanced mix of 5 commercial units and 1 residential unit, offering multiple streams of income and flexibility for a wide range of tenants. Whether you're looking to expand your investment portfolio, establish or grow your business footprint, or secure a property with strong income-producing potential, this building checks all the boxes. With its versatile layout and income-generating structure, this property is ideal for investors seeking both stability and upside potential. The commercial units provide space for retail or office use, while the residential unit adds an additional layer of consistent rental income. Opportunities like this don’t come around often—especially in a location with this level of visibility and accessibility. Don’t miss your chance to own a solid asset with room to grow and maximize returns over time.

Investment highlights

Please provide at least 24-hour notice for all showings. Tenant occupied. Call or text Adam with any questions at 315-870-278. 6-unit commercial building with 3 current tenants. One tenant leases Units 1 & 4 (the far left side and far right side when facing the building from the road). They are currently on a month-to-month lease and are planning to vacate the building. Another tenant leases Units 2 & 3 and is currently on a month-to-month lease but is interested in signing an extended lease. Unit 5 is a one-car garage attached to Unit 6. Unit 6 is an occupied 1-bedroom, 1-bathroom apartment with a yearly lease in place. Total income from last year was $70,000. For showings: Units 1 & 4: A keypad access code will be provided. Units 2 & 3: Access will be through a lockbox. Units 5 & 6: The tenant will be present during showings to allow access.

Listing Contacts

AF
NY 10401394530

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$70,000.00
$5,833.33/mo

Valuation Metrics

0
DSCR
10.77%
Cap Rate
10.77%
ROI

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Additional Information

Name
Adam Frye
License
10401394530
Brokerage
Howard Hanna Real Estate
Brokerage Phone
315-487-0040
Title
Licensed Real Estate Salesperson
Brokerage Address
5110 West Genesee Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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