920 North Payne Ave, North Tonawanda, NY 14120 - MLS #B398250
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920 North Payne Ave
North Tonawanda, NY 14120
North Tonawanda, NY 14120
MLS #B398250
$1,450,0003508 Square Feet
0.84 Acres
Property Details
Investors and Developers take note Tremendous site for sale with long term tenant and a NNN base rent land lease with additional % rent income. Great investment opportunity as current lease runs over 13 years, and good net income on site averaging over 115,000 per year over last three years, site itself is a little under an acre and situated in a good location directly across from retail area, and near light. plenty of off street parking and desirable tenant already established, just sit back and collect your rent on this no maintenance lease situation.
- Property Type Commercial Mixed or Industrial
- Category Land Lease
- Location Business District,Corner
- Number of Buildings 1
- Type Of Building Restaurant / Food,Other - See Remarks
- Zoning Commercial
- Zoning Code commercial
- Property Use Conforming
- Total Units 1
- Business is Franchise Yes
Community & Schools
- County Niagara
- Town or City Name North Tonawanda
- Subdivision Comm Complex MILE RESERVE
- Area [NY SWIS Code] North Tonawanda-City
- Public Transportation 1-2 Blocks
- On Waterfront Y/N No
- School District North Tonawanda
Interior Features
- Square Footage 3508
- Square Footage (Gross) 3508
- Retail Square Feet 3508
- Living Quarters Y/N No
- Stories 1
- Basement Description None
Exterior Features
- Acres 0.84
- Lot Frontage 216
- Lot Depth 163
- Lot Shape Rectangular
- Parking Description Surfaced
- Available Parking Space 75
- Roof Description Flat
Appliances & Utilites
- HVAC Type AC-Central
- Heating Fuel Description Gas
- Sewer / Water Public Sewer Connected
Financial Details
- Gross Annual Income 141575
- Net Operating Income 115020
- Operating Expenses Include Other - See Remarks
- Total Taxes 26555
- Town/County Tax 4900
- City/Village Tax 8210
- School Tax 13445
- Income/expense Information Provided By Owner
- Number of Leases 1
- Lease Description Other - See Remarks
- Lease Term Remaining Over 5 Years,Right of 1st Refusal
- Lease Square Footage Desc Triple
- Possible Financing Cash Only,Conventional
- Tenant Pays Common Area Maintenance,Electric,Heat,Insurance,Maintenance,Taxes,Utilities,Water,Other - See Remarks,Assessments,Janitorial Services,Rent ,Security
- Total Monthly Rent 9585
- Assessed Value 624000
Miscellaneous Details
- Year Built 2001
- Year Built Description Existing
- Tax Map Number 291200-182-029-0002-029-000
- Available Documents Aerial Photographs,Lease/Sublease
- Possession At Closing
- Sale Includes Land Only,Land and Building
- Seller Desires Cash
Map & Directions
On N. Payne Ave.
Map for 920 North Payne Ave, North Tonawanda, NY 1412043.048028-78.8771019
Map locations are not exact and are meant to be an estimated reference only.
In addition to this Commercial real estate property, we have hundreds of addtional North Tonawanda real estate listings and homes for sale and Niagara County real estate listings and homes for sale.
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Listing information provided by CNYIS, Inc., GENRIS and WNYREIS.
Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor Buncy Real Estate shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. ©2012 New York State Alliance of MLS's. All rights reserved.
Last Updated 05/21/2012
