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For SaleRetailMLS KEY893621

40 Front Street

Port Jervis, NY · Orange County
Listed by
Keller Williams Realty
Shown from OneKey MLS. McGrath Realty does not represent this property. We can arrange to show it to you and represent you in buying it.
Building
14,592 SF
Site
0.19 acres
Price / SF
$68
Going-in cap
3.00%
NOI
$50,000
Year built
1967
Zoning
CBD

The offering

Solid building on Front Street in Port Jervis with 2 long standing tenants. Tenants pay all

utilities and light maintenance. There are two 3 year leases in place. Although the rents do not

justify the asking price the location and eventual appreciation make this a potential trophy

property. Seller would consider some owner financing.

Building & site

Interest conveyedFee simple
Gross building area14,592 SF
Building typeRetail
Property typeRetail
Year built1967
Land area0.19 acres
Land area, SF8,400 SF
WaterPublic
SewerPublic Sewer
HeatForced Air, Natural Gas
Tax parcel33130013-5-28

Zoning & permitted uses

District
CBD

Permitted uses are governed by the Port Jervis zoning code and should be confirmed with the municipality. Ask a broker for the district summary.

Income & tenancy

Gross income (as reported)
$50,000
Going-in cap
3.00%

Lease terms are summarized from the executed lease and should be independently verified against the document, which is available under confidentiality agreement along with the rent roll and operating statements. Income shown is gross as reported by the listing broker, not verified against an operating statement.

Aerial imagery

The outline is this property's tax parcel from the county assessment roll, over current aerial imagery. Boundaries are indicative and are not a survey.

Taxes & assessment

2024 taxes$16,495
Assessed value$113,400
Land assessment$21,850
Full market value$453,600
Owner of recordHoward Eric Realty Corp
School districtPort Jervis
Property class485 · Small retail

Assessment figures are taken from the municipal roll and should be independently verified. Annual tax bills are available on request.

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