151 Greenwich AVE new Save Request In-Person Tour Request Virtual Tour
Goshen,NY 10924
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID 935667
Rental Info No
Annual Tax Amount $38,069
Lot Size 0.809 Acres
Acres 0.8086
Property Sub-Type Retail
Source onekey2
Property Description
Seize a prime triple-net (NNN) investment in a high-visibility, two-building retail complex situated at the main entrance of the historic Village of Goshen. This property combines stable, in-place cash flow with significant value-add potential. Strategically positioned on the main thoroughfare into the historic Village of Goshen, ensuring high visibility and consistent traffic. Building #1 (Beverage Plus): Approx. 7,300 sq ft established retail beverage center. Secure 10-year NNN lease, currently in its second year, with 3% annual increases until May 31, 2034. Current annual rent is $7210/month, providing reliable income. Building #2 (Former Orange County Bagel): Approx. 1,836 sq ft, previously a successful retail food location. Currently vacant, but subject to a 5-year NNN lease extension, with 3% annual increases until January 4, 2030. Offers a strong value-add component for a new tenant or a turnkey space for a buyer-user. Current annual rent is $2831/month. Tenants are responsible for all operational expenses (Beer World 75%, OC Bagel 25%), with the landlord only responsible for the structure and roofs. Features a paved parking lot, municipal water and sewer, and natural gas service.
This is an ideal opportunity for both passive investors seeking consistent, low-management income and active investors looking to enhance value by placing a new tenant in the vacant space. It also represents a compelling proposition for an owner-user who can occupy the front building while benefiting from the income generated by the rear tenant.
Lease details are available upon request for qualified buyers.
Location
State NY
County Orange County
Interior
Heating Forced Air,Natural Gas
Cooling Central Air
Fireplace No
Exterior
Parking Features Off Street,Parking Lot,Private
Utilities Available Cable Connected,Electricity Connected,Natural Gas Connected,Phone Connected,Sewer Connected,Water Connected
Total Parking Spaces 15
Building
Lot Description Level,Paved
Story 1
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Brick,Frame
Others
Special Listing Condition None