See Home Value
Millbrook 12545
3301 FRANKLIN AVE
$1,106,819*
Commercial - Off Market

3301 FRANKLIN AVE

V. Millbrook, NY 12545
bedrooms
Studio
bathrooms
0 Bath
square feet
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.
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
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
4 Beds
4 Baths
-
$980,000 Jul 10, 2022
$980,000 Nov 4, 2022
$1,081/mo
Commercial
Loft
-
-
$975,000 Jan 10, 2023
-
$916/mo
In Contract
House
2 Beds
3 Baths
1,408 ft²
$603/ft²
$849,000 Oct 12, 2022
-
$756/mo

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20201001
10/01/2020
Loft
-
5000 ft²
$750,000
bedrooms
Loft
bathrooms
-
square feet
5000 ft²
-
-
-
SUSAN WHALEN
GEORGE T. WHALEN REAL ESTATE ML
20190718
07/18/2019
Loft
-
5000 ft²
$975,000
bedrooms
Loft
bathrooms
-
square feet
5000 ft²
-
-
-
SUSAN WHALEN
GEORGE T. WHALEN REAL ESTATE ML
20180803
08/03/2018
Studio
-
5000 ft²
-
bedrooms
Studio
bathrooms
-
square feet
5000 ft²
-
-
-
SUSAN WHALEN
GEORGE T. WHALEN REAL ESTATE ML

Building Info

3301 Franklin Avenue 3301 Franklin Avenue, Millbrook, NY 12545
More about this Building
3301 Franklin Avenue
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About Millbrook


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