Improved Mixed-Use Land for Sale in Sherburne, New York

Unique Investment Opportunity This property presents a distinctive and attractive investment opportunity for potential investors. With a tenant already in place, the annual income generated ensures a return on investment in less than five years. The tenant is responsible for paying rent, and the investor has the option to take over the gas operations or allow the tenant to continue managing it. Depending on this decision, the potential income ranges from $18,000 to $36,000 per year. Additionally, the tenant is accountable for the annual taxes totaling $23,300, as well as all maintenance and utility expenses. This arrangement saves the investor nearly $60,000 per year, significantly reducing the overall operational burden and enhancing profitability. Property Features and Flexibility The building encompasses a total of 15,400 square feet and offers flexible use, as it can be easily subdivided. This versatility allows the owner to lease portions of the space to multiple businesses, thereby maximizing rental income and catering to various business requirements. Land and Site Improvements The sale includes three separate lots or parcels, collectively covering more than three acres. The property is further enhanced with asphalt paving, a gas station (maintained by Gas Company), an air station, and the main building. LOTS 44.16-2-23 44.16-2-24 44.16-2-25