Listed by RIPCO Real Estate New York, RIPCO Real Estate
$6,950,000
1055 Portion Road
Details
APN 624-4-8
Property Type Retail, Office
Sub Type Traditional Office, Street Retail
Square Footage 50,940
NOI $695,714
Pro-Forma Cap Rate 10.00%
Pro-Forma NOI $695,714
Price per SqFt $135
Buildings 2
Lot Size (SqFt) 174,240
Investment Type Value Add
Retail | 50,940 SqFt
Marketing description
Value-Add Retail/Office Opportunity with Abundant Parking
Investment highlights
- Value-add retail/office opportunity with tremendous upside in rents
- Usable lower level space that can provide additional income with ~10ft ceilings, windows, elevator access and multiple forms of egress
- Abundant amount of parking on 4 acres of land
- Highly trafficked thoroughfare with over 78,000 annual average daily traffic (AADT)
- Long term ownership - First sale in 30+ years
Listing Contacts
Listed by RIPCO Real Estate New York, RIPCO Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$695,714.00
$57,976.17/mo
Valuation Metrics
0
DSCR
10.01%
Cap Rate
10.01%
ROI
Map
Zoning
J2 CommercialGeneral CommercialBusiness 2
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View all 55 uses Last updated Mar 16, 2026 For deeper zoning details, reports are available at Zoneomics
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