1816 Lake Road, Hamlin, NY 14464

$499,000
8,125
SqFt
List Price
$499,000
Status
ACTIVE
MLS#
R1503228
Price Change
▼ $31,000 1715636818
Year Built
2003
Stories
1
Acres
2.03
Living Area
8,125
Subdivision
Hamlin Commons Resub
Region
Hamlin
Neighborhood
Hamlin Commons Resub

Property Description

Prime Dollar General Investment Great investment opportunity in a well-maintained, free-standing building. This retail space covers 8,125 square feet & over 36 parking spaces, designed for a seamless customer experience. Occupied by Dollar General, a nationally recognized and stable tenant, this store has consistently showcased solid performance. Its status as a reliable, low-risk investment is further amplified by the care the property has received over the years. Offered as a NNN lease, investors enjoy perks of limited landlord responsibilities, allowing for a more passive investment experience. One of the most enticing aspects of the property is its return potential. Approximately a 7.5 CAP, better than average for a DG, buyers are presented with the promise of great returns. Moreover, this property is listed at a price significantly below its early 2023 appraisal, providing immediate equity advantage. Seize this opportunity to enhance your portfolio with a prime DG property that offers both immediate value & long-term growth potential.

Additional Information

Taxes
$16,526
School District
Brockport
Elementary School
Ginther Elementary
Middle School
A D Oliver Middle
High School
Brockport High
Water
Public
Sewer
Public Sewer

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of ERA Team VP Real Estate. Contact: 716-640-0104