306 Center Street, Ridgeway, 14103
ML Number: R1643612
List Price: $165,000
Description
This 2,209 sq. ft. commercial property with an additional garage for storage offers a unique investment opportunity with a 10% cap rate. Located on one of the busiest roads in the Village of Medina, near the high-traffic intersection of East Center and Main, this property enjoys excellent visibility with a daily traffic count of 3,044. Currently occupied by the building owner, who wishes to sell the property and lease it back, this property ensures a stable and hassle-free income stream for potential investors. The building owner is prepared to sign a Triple Net (NNN) Lease at $1,500 per month. Flexible lease options include a 10-year lease or a 5-year lease with two additional 5-year renewal options, offering versatility and long-term stability. With its prime location and consistent foot and vehicle traffic, this property is ideally positioned to attract attention and generate reliable returns. Don’t miss this chance to secure a long-term tenant in a highly visible area of Medina.
Aerial View of this Location
| Property Type: | Commercial/Industrial |
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| Living Area (SqFt): | 2,209 |
| Lot Size (Acres): | 0.2977 |
| Garage Spaces: | |
| Year Built: | 1960 |
| Address: | 306 Center Street |
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| City: | Ridgeway |
| County: | Orleans |
| State: | NY |
| Zip Code: | 14103 |
| School District: | Medina |
| List Price: | $165,000 |
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| Assessed Value: | $0 |
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Property Features
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| On Waterfront: | No |
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| # Fireplaces: | 0 |
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Listing courtesy of RE/MAX Titanium LLC
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