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Neighborhood Strip Center

Listing was updated on: 06/26/2019

Property Overview

Price/Rent PSF $ 2,100,000.00
Asset Type Retail
Trade Type Sale & Lease
SQ. FT. Available 15,236
Date Available 06/26/2019
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Description

Location
This location is in the “Power Mile of Owego” with newer national franchises and hotels. The contiguous village of Owego is known as “the coolest small town in America” with charming streetscapes, river front views, historic charm and many striking historic buildings. Many new businesses are springing up such as small retail, artisans and trendy cafes. Major investment in the town including a $10,000,000 DRI grant. Average household salary is larger than many surrounding townships.

Sale
15,236+/- SF strong Neighborhood Strip Center for sale built in 2008 with drive through window and 5,800+/- SF bay. Shadows three flagged hotels, a shopping center, banks, many national franchises, restaurants and a large Lockheed Martin facility.

Right off Exit 66 of Route 17/86 in Owego, County Seat of Tioga County, gateway to The Finger Lakes. 5 tenants are stable franchises; Progressive Insurance, Subway, Vapor King, Verizon. Very active retail area.

82 parking spaces in well lit lot. Great signage. Excellent management.

Tenants pay all expenses even management in their triple net.

Building was originally a Rite Aid and a major addition was added in 2008.

Lease
5,800+/- SF end cap location with drive through window in strong neighborhood strip center location shadowing three flagged hotels, a shopping center, banks, many national franchises, restaurants and a large Lockheed Martin facility.

Right off Exit 66 of Route 17/86 in Owego, County Seat of Tioga County, gateway to the Finger Lakes.

Other tenants are stable…Progressive insurance, Subway, Vapor King, Verizon. Very active retail area. 82 parking spaces in well lit lot. Great signage. Reasonable rent and triple net. Excellent management. Great place for fitness, dollar store, bank, medical, and more….

$11.50 per SF, five year lease preferred. All public utilities. Tenant pays gas and electric.

Location

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