For Sale: PRICE REDUCED-Plattsburgh Office Building-Durkee and Margaret
-15,000 sq. ft. multi-level (3-4 stories) Professional Offices/Retail with access on Durkee and Margaret Streets -Charming Office space with a great deal of exposed brick walls and windows. -Currently 90% leased to 8 different tenants. Tenants include: NYS Attorney General, a Physician, Weight Watchers, Hospice, MetLife, Engineering firm, and a book-keeping firm. Lease expiration dates range from late 2009 to 2017. Two suites are currently vacant (1200 sq ft and 450 sq. ft). -Building has all phone and fiber optic cable throughout. -Building is well kept. Originally a large retail store, it was completely gutted and totally renovated in early 1990's with regular updates since then. -Each unit is seperately metered for electric. -HVAC systems are seperate for each unit. Heat is electric as City of Plattsburgh has the lowest electrical rates in the nation. -Well maintained Elevator along with emergency stairways for accessible by all tenants and rooftop safety hatch as well. -Membrane roof that has been recently re- coated wirh polymer coating. -Building is sprinklered. -Ave gross Income for last 5 years is $140,000 +/-. 2009-2010 expected to be $155,000+/-. Average Net Income to owners has been $100,000 +/-. -Building is adjacent to city parking lot with hundreds of parking spaces. A new high end professional office building was built nearby and in less than 1.5 years it is 90% leased up at $13 per foot plus CAM's.
*May not reflect current interest rates and is intended for educational/information purposes only. All figures are hypothetical and should not be relied upon in any way.
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This $799,000 Commercial Property at in PLATTSBURGH, NY is listed by CDC Real Estate Inc . This $799,000 Commercial Property, located in the zip code . This Commercial Property, located in Clinton County, is listed under MLS listing number , has beds, 0 baths, and has a listing price of $799,000. You can find more of CDC Real Estate Inc listings by browsing homes for sale at HomesAndLand.com, or even more PLATTSBURGH homes for sale here.