$1,106,819*
●
Commercial -
Off Market
3301 FRANKLIN AVE
V. Millbrook, NY 12545
Studio
0 Bath
5000 Sqft
$878,000 - $1,072,000
Reference Base Price*
13.52%
Since Oct 1, 2021
National-US
Primary Model
About This Property
Improved Price. Prime Location Retail Real Estate and Turn key
Business. The Millbrook Antiques Mall, Millbrook, NY 12545,
established in 1979 is being offered for sale at $975,000. This
successful income producing commercial property generates steady
revenue from three business lines including diversified rental
income from approximately 20 dealers, retail trade and consignment
operations. This enduring and unique building offers over 5,000
square feet of retail space, large display windows in the front
facade of the building, charming architecture, a new roof and sky
lights, an attached garage and a private office. The building has a
long history of commercial success and reflects pride of ownership.
This property is situated in a prime location, Franklin Avenue, the
main shopping street in the Village of Millbrook, NY and highly
visible. Upon purchase the new owner will receive prime commercial
real estate, a well established turn key business and immediate
rental income. In addition, the current owner will consider a
commitment to rent substantial dealer space for an extended period
of time to help transition the business. The Millbrook Antiques
Mall is well positioned to generate a very attractive risk adjusted
return on capital. The current owner will share financials and
proprietary information with a potential buyer at the due diligence
stage and offer projections to assist the potential buyer in
assessing the value of the real estate and business. Seller will
consider a sale leaseback transaction of the business's real
estate.
The manager has listed the unit size as 5000 square feet.
The manager has listed the unit size as 5000 square feet.
Unit Size
5,000Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$195
Property Type
Commercial
Property Taxes
$1,212
HOA Dues
-
Year Built
1988
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Sep 19, 2021 | No longer available | - | |
No longer available | |||
Jul 18, 2019 | Listed | $975,000 | |
Listed |
Property Highlights
Air Conditioning
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
10/01/2020
|
|
Loft
|
-
|
5000 ft²
|
$750,000
Loft
-
5000 ft²
|
-
-
|
-
|
SUSAN WHALEN
GEORGE T. WHALEN REAL ESTATE ML
|
07/18/2019
|
|
Loft
|
-
|
5000 ft²
|
$975,000
Loft
-
5000 ft²
|
-
-
|
-
|
SUSAN WHALEN
GEORGE T. WHALEN REAL ESTATE ML
|
08/03/2018
|
|
Studio
|
-
|
5000 ft²
|
-
Studio
-
5000 ft²
|
-
-
|
-
|
SUSAN WHALEN
GEORGE T. WHALEN REAL ESTATE ML
|