518 Hooper Rd
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518 Hooper Rd
8,565 SF 65% Leased Retail Building Endicott, NY 13760 $1,275,677 CAD ($149 CAD/SF) 6.76% Cap Rate
Investment Highlights
- Zoning: NC (Neighborhood Commercial), providing flexibility for various retail ventures
- Mix use
- Roof: 1 year old, ensuring minimal maintenance concerns
Executive Summary
Introducing a Prime Investment Opportunity
The Building and Convinience Store are part of the sale with all contents. The Convenience store generates $265000 in gross sale.
Welcome to 518 Hooper Road, Endicott – a dynamic mixed-use building offering a unique blend of commercial and residential spaces. Built in 1980, this 8,565 SF property is a compelling choice for savvy investors seeking a high-yield asset in a thriving commercial market. the Smokeshop Business with all its contents is part of the sale and included.
Property Highlights:
Total Area: 8,565 SF
Net operating income $79,964
Units: 4 (3 Retail/Office Spaces, 1 2 Bedroom Residential Apartment)
Occupancy Rate: 85%, offering immediate income potential
Zoning: NC (Neighborhood Commercial), providing flexibility for various retail ventures
Year Built: 1980
Roof: 1 year old, ensuring minimal maintenance concerns
Location & Market Appeal:
Strategically located in the bustling area, this property benefits from strong market demand and a vibrant local economy. The mix of retail and residential units makes it an ideal investment for those looking to diversify their portfolio. The property's prime positioning and solid occupancy rate enhance its appeal, presenting a rare opportunity to secure a valuable asset.
Investment Potential:
With its versatile zoning and current occupancy, 518 Hooper Road is positioned to generate steady rental income. The property's robust structure and recent roof upgrade add to its investment value, reducing the need for immediate capital expenditures.
The Building and Convinience Store are part of the sale with all contents. The Convenience store generates $265000 in gross sale.
Welcome to 518 Hooper Road, Endicott – a dynamic mixed-use building offering a unique blend of commercial and residential spaces. Built in 1980, this 8,565 SF property is a compelling choice for savvy investors seeking a high-yield asset in a thriving commercial market. the Smokeshop Business with all its contents is part of the sale and included.
Property Highlights:
Total Area: 8,565 SF
Net operating income $79,964
Units: 4 (3 Retail/Office Spaces, 1 2 Bedroom Residential Apartment)
Occupancy Rate: 85%, offering immediate income potential
Zoning: NC (Neighborhood Commercial), providing flexibility for various retail ventures
Year Built: 1980
Roof: 1 year old, ensuring minimal maintenance concerns
Location & Market Appeal:
Strategically located in the bustling area, this property benefits from strong market demand and a vibrant local economy. The mix of retail and residential units makes it an ideal investment for those looking to diversify their portfolio. The property's prime positioning and solid occupancy rate enhance its appeal, presenting a rare opportunity to secure a valuable asset.
Investment Potential:
With its versatile zoning and current occupancy, 518 Hooper Road is positioned to generate steady rental income. The property's robust structure and recent roof upgrade add to its investment value, reducing the need for immediate capital expenditures.
Financial Summary (Actual - 2023) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$170,090
|
$19.86
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$34,069
|
$3.98
|
| Effective Gross Income |
$136,021
|
$15.88
|
| Taxes |
$17,009
|
$1.99
|
| Operating Expenses |
$5,670
|
$0.66
|
| Total Expenses |
$22,679
|
$2.65
|
| Net Operating Income |
$113,343
|
$13.23
|
Financial Summary (Actual - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $170,090 |
| Annual Per SF | $19.86 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $34,069 |
| Annual Per SF | $3.98 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $136,021 |
| Annual Per SF | $15.88 |
| Taxes (CAD) | |
|---|---|
| Annual | $17,009 |
| Annual Per SF | $1.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $5,670 |
| Annual Per SF | $0.66 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $22,679 |
| Annual Per SF | $2.65 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $113,343 |
| Annual Per SF | $13.23 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
8,565 SF
Building Class
C
Year Built
1980
Price
$1,275,677 CAD
Price Per SF
$149 CAD
Cap Rate
6.76%
NOI
$86,236 CAD
Percent Leased
65%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.85
Land Acres
0.23 AC
Zoning
NC
Parking
20 Spaces (2.34 Spaces per 1,000 SF Leased)
Frontage
130 ft on Hooper road
Amenities
- 24 Hour Access
- Wheelchair Accessible
- Accent Lighting
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 034689-142-013-0002-001-000-0000 | Total Assessment | $17,930 CAD |
| Land Assessment | $3,782 CAD | Annual Taxes | $17,009 CAD ($1.99 CAD/SF) |
| Improvements Assessment | $14,148 CAD | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
034689-142-013-0002-001-000-0000
Land Assessment
$3,782 CAD
Improvements Assessment
$14,148 CAD
Total Assessment
$17,930 CAD
Annual Taxes
$17,009 CAD ($1.99 CAD/SF)
Tax Year
2023
-
Devang Patel -
Douglas Elliman Commercial
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