2507 US Route 11 | La Fayette, NY 13084
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2507 US Route 11
La Fayette, NY 13084
Retail Property For Sale
Investment Highlights
- High Traffic area located on the corner of Route 11 & Route 20
- Easily accessible from 81 North & South
Executive Summary
Discover an exceptional investment opportunity in the heart of LaFayette, NY, with this bustling plaza anchored by a prominent post office and M&T Bank, ensuring consistent foot traffic and community engagement. With 70% occupancy, this plaza offers a diverse mix of retail and service tenants, making it a vibrant destination for both local residents and visitors. Ideal for investors looking to capitalize on a strong tenant base in a growing area, this property provides a solid return potential and room for additional growth. Situated in a prime location with ample parking and visibility, this plaza is a cornerstone of the LaFayette community and a compelling opportunity you won't want to miss!
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
10,452 SF
Building Class
C
Year Built
1966
Price
$1,955,429 CAD
Price Per SF
$187 CAD
Cap Rate
5.20%
NOI
$101,682 CAD
Percent Leased
70%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.27
Lot Size
0.89 AC
Zoning
07 - Central Business District
Frontage
Amenities
- 24 Hour Access
- Signage
- Signalized Intersection
- Tenant Controlled HVAC
- Drive Thru
- Air Conditioning
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