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$ 7,250,000
Est. payment | /mo
4.9 Acres Lot
$ 7,250,000
Est. payment | /mo
4.9 Acres Lot
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
MLS Listing ID 969964
Rental Info No
Year Built 1985
Annual Tax Amount $46,576
Lot Size 4.900 Acres
Acres 4.9
Property Sub-Type Office
Source onekey2
Property Description
Fully leased commercial investment opportunity in desirable Cornwall, NY adjacent and visible from I87/NYS Thruway. The Class A office building is 100% occupied by a long-term commercial tenant (Tectonic Engineering Headquarters) who leases the entire 3 story building through a NNN lease that runs thru October 31, 2029 with built in increases and a 5 year option to extend. Tenant reimburses the landlord for real estate taxes, insurance, and maintenance, creating a strong net-lease income structure. The tenant is also responsible for garbage service, building and septic maintenance, and lawn care/snow removal, resulting in minimal landlord responsibilities which are limited to roof, structure, parking lot and HVAC replacement (new HVAC currently being installed). Additional passive revenue is generated from two longterm rooftop cell tower leases with major telecommunications carriers, Verizon and TMobile, providing stable supplemental income with annual lease increases. The total reported net operated income for 2025 was $478,752 reflecting a cap rate of 6.6%. 2026 proforma NOI is $490,658 reflecting an increase to a 6.8% cap rate. Future annual rental projection documents and leases require a signed NDA.
Recent capital improvements include a new HVAC system currently being installed by the landlord and a roof replacement completed two years ago, enhancing the property's long-term reliability and minimizing deferred maintenance expense.
Future expansion-Situated on a sizable parcel with potential for a 10000 sq ft building expansion subject to zoning approvals, the property offers future upside in addition to its existing income stream. A rare opportunity to acquire a stable, income-producing commercial asset with long-term tenancy and multiple revenue sources in a strong Hudson Valley market.
Recent capital improvements include a new HVAC system currently being installed by the landlord and a roof replacement completed two years ago, enhancing the property's long-term reliability and minimizing deferred maintenance expense.
Future expansion-Situated on a sizable parcel with potential for a 10000 sq ft building expansion subject to zoning approvals, the property offers future upside in addition to its existing income stream. A rare opportunity to acquire a stable, income-producing commercial asset with long-term tenancy and multiple revenue sources in a strong Hudson Valley market.
Location
State NY
County Orange County
Rooms
Basement Partially Finished
Interior
Heating Forced Air, Oil
Cooling Central Air
Flooring Carpet, Ceramic Tile
Fireplace No
Exterior
Parking Features Parking Lot
Utilities Available Cable Connected, Electricity Connected, Phone Connected
Total Parking Spaces 95
Building
Lot Description Cleared, Level
Story 3
Foundation Other
Sewer Septic Tank
Water Private
Structure Type Other
Schools
High Schools Cornwall
School District Cornwall
Others
Special Listing Condition None
Listed by Keller Williams Hudson Valley • Jason L McGovern
NEARBY SCHOOL & BUSINESS
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