Improved Price. Prime Location Retail Real Estate and Turn key Business. The Millbrook Antiques Mall, Millbrook, NY 12545, established in 1979 is being offered for sale at $975,000. This successful income producing commercial property generates steady revenue from three business lines including diversified rental income from approximately 20 dealers, retail trade and consignment operations. This enduring and unique building offers over 5,000 square feet of retail space, large display windows in the front facade of the building, charming architecture, a new roof and sky lights, an attached garage and a private office. The building has a long history of commercial success and reflects pride of ownership. This property is situated in a prime location, Franklin Avenue, the main shopping street in the Village of Millbrook, NY and highly visible. Upon purchase the new owner will receive prime commercial real estate, a well established turn key business and immediate rental income. In addition, the current owner will consider a commitment to rent substantial dealer space for an extended period of time to help transition the business. The Millbrook Antiques Mall is well positioned to generate a very attractive risk adjusted return on capital. The current owner will share financials and proprietary information with a potential buyer at the due diligence stage and offer projections to assist the potential buyer in assessing the value of the real estate and business. Seller will consider a sale leaseback transaction of the business’s real estate.

Overview

  • Year Built1920
  • RoofingAsphalt Shingles
  • Parking/Garage1 Car, Attached
  • HeatingForced Air, Oil
  • CoolingCentral Air, Zoned

Features

    • Security
    • Floor CoveringsConcrete, Tile, Wood

    Schools

    • DistrictMillbrook Central
    • ElementaryElm Drive Elementary School
    • MiddleMillbrook Junior HS
    • HighMillbrook High School

    Residential Info

    Details


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    Location: 3301 Franklin Ave, Millbrook, NY 12545