4228 Bolivar Rd, Wellsville, NY 14895 - MLS #B401862

4228 Bolivar Rd
Wellsville, NY 14895
Wellsville, NY 14895
MLS #B401862
$1,200,0002724 Square Feet
0.89 Acres
Property Details
Tremendous investment opportunity. Attractive site with national franchise as long term tenant. Site is almost an acre and tenant has long term lease with over 10 years left and possible extensions thru 2053. This offers a good opportunity to invest in real estate and earn good income. The average net income has exceeded 94,000 past three years. the location is good on a main road and close to additional retail developments give this site excellent stability and long term income. good on site parking and easy terms give tenant responsibility and you just sit back and collect your rent.
- Property Type Commercial Mixed or Industrial
- Category Commercial
- Location Business District
- Number of Buildings 1
- Type Of Building Restaurant / Food
- Zoning Commercial
- Zoning Code commercial
- Property Use Conforming
- Total Units 1
- Business is Franchise Yes
Community & Schools
- County Allegany
- Town or City Name Wellsville
- Area [NY SWIS Code] Wellsville
- On Waterfront Y/N No
- School District Wellsville
Interior Features
- Square Footage 2724
- Square Footage (Gross) 2724
- Leased Square Feet 2724
- Living Quarters Y/N No
- Stories 1
Exterior Features
- Acres 0.89
- Lot Frontage 161
- Lot Depth 241
- Lot Shape Irregular
- Parking Description Surfaced
- Available Parking Space 80
- Roof Description Metal
Appliances & Utilites
- HVAC Type AC-Central,Forced Air
- Heating Fuel Description Gas
- Sewer / Water Public Water Connected
Financial Details
- Gross Annual Income 115138
- Net Operating Income 94888
- Operating Expenses Include Other - See Remarks
- Total Taxes 20250
- Town/County Tax 10199
- School Tax 10051
- Income/expense Information Provided By Owner
- Number of Leases 1
- Lease Description Other - See Remarks
- Lease Term Remaining Multiple ,Over 5 Years,Renewal ,Right of 1st Refusal
- Possible Financing Conventional,Cash Only
- Tenant Pays Assessments,Association Fee,Common Area Maintenance,Electric,Heat,Insurance,Janitorial Services,Maintenance,Rent ,Security,Taxes,Utilities,Water,Other - See Remarks
- Total Monthly Rent 7907
- Assessed Value 377500
Miscellaneous Details
- Year Built 1989
- Year Built Description Existing
- Tax Map Number 027089-225-000-0003-035-022-0000
- Available Documents Other - See Remarks
- Possession At Closing
- Sale Includes Land Only,Land and Building
- Seller Desires Cash
- Property Exclusions No
Map & Directions
Map for 4228 Bolivar Rd, Wellsville, NY 1489542.125945-77.96833
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 Wellsville real estate listings and homes for sale and Allegany County real estate listings and homes for sale.
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