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$ 499,000
Est. payment /mo
Back on Market
405 Sprout Brook RD Garrison, NY 10524
1.06 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Business
Listing Status Back On Market
Purchase Type For Sale
MLS Listing ID H6315916
HOA Y/N No
Rental Info No
Year Built 1979
Annual Tax Amount $17,679
Lot Size 1.060 Acres
Acres 1.06
Property Sub-Type Business
Source onekey2
Property Description
This is a golden investment opportunity! This unique mixed-use property in Garrison features a grandfathered retail/food services space on a residentially zoned lot. The residential portion also generates rental income. The current business and equipment occupying the retail space is not included in the sale, and its lease runs through March 2025. The residential rental operates on a month-to-month lease. The retail tenant covers 70% of the oil costs, with the landlord covering the remaining 30%. Other utilities are separately metered. Current rental income is $2,500 for the retail space and $2,400 for the residential unit. Additionally, the sale includes an adjacent vacant residential lot. Although the lot is currently not considered buildable, there may be potential to redraw property lines with the adjacent property to meet buildable lot requirements. Tax info includes both lots. Additional Information: HeatingFuel:Oil Above Ground,
Location
State NY
County Putnam County
Interior
Heating Oil, Propane, Hot Water
Cooling Wall/Window Unit(s)
Fireplace No
Appliance Oil Water Heater
Exterior
Parking Features Parking Lot
Building
Sewer Septic Tank
Water Drilled Well
Structure Type Frame
Others
Special Listing Condition None
Listed by Coldwell Banker Realty