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Property Detail

Maple Avenue
Single-tenant NNN industrial/warehouse with one year remaining on term and broad zoning .
$250,000
Manufacturer: https://www.cbre.com/

Description

  • Single-tenant NNN industrial/warehouse with one year remaining on term and broad zoning, allowing optionality for buyers.
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  • Leased to a air purification products manufacturer, HealthWay, which has historical on-site occupancy and over $200,000 of net income.
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  • Surrounded by a plethora of retailers and conveniences, including Dollar General, USPS, Dunkin’, Dollar Tree, McDonald’s, and more.
  • Prime location between Route 11 and I-81, connecting to Syracuse and beyond, and 10 minutes to Lake Ontario.
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  • Located 30 miles north of the proposed Micron plant and across from the Salmon River, a world-renowned fishing destination.

Executive Summary

3420 Maple Avenue is the ideal industrial/warehouse investment in the village of Pulaski.

Built in 1900 and renovated in the early 2010s, this space has high-end buildouts. The property includes beautifully appointed, upscale offices and manufacturing space. Plenty of outdoor space is available on 1.44 acres with 45 parking spaces. The two-story, 15,834-square-foot brick building is currently home to HealthWay, a manufacturer of revolutionary air purification solutions that clean the air by trapping ultrafine particles and killing viruses and bacteria. With nine years of historical occupancy at the asset, this manufacturer has shown its dedication to the site. HealthWay is presently on a triple net lease with one year remaining. This allows new ownership to negotiate a renewal at this location for a hands-off, income-producing tenant. Alternatively, buyers can take advantage of the generous B-1 zoning and use the space for their own business or lease it out. B-1 zoning allows for many future uses, allowing a totally new vision to come to life.

The Oswego County Industrial Submarket contains roughly 8.6 million square feet of inventory and is an excellent place for new businesses to enter. The submarket has approximately 4.4 million square feet of logistics inventory, 200,000 square feet of flex inventory, and 4.0 million square feet of specialized inventory. Rents have changed by 5.6% year-over-year in Oswego County, compared to 4.2% market-wide. Market rents have changed by 7.7% in logistics buildings year over year, 2.9% in flex buildings, and 3.5% in specialized buildings.

3420 Maple Avenue is positioned strategically in Pulaski. Perched just off of Jefferson Street (Route 11), the industrial warehouse is nearby. The Salmon River is right down the road, which is a major fishing destination and also provides excellent potential for multifamily or hospitality redevelopment. Interstate 81, which connects to Syracuse, the Canada border, and beyond, is also nearby. Lake Ontario is just 10 minutes west. Nearby retailers, amenities, and conveniences include Dunkin’, Aldi, Dollar Tree, RiverHouse Restaurant, NBT Bank, Dollar General, Tractor Supply Co, McDonald’s, and more.

Discover 3420 Maple Avenue, a prime investment opportunity with plentiful optionality.

Property tours are available by appointment only. Please contact the listing broker to schedule.

NNN STNL

Listing ID : 00602

SKU: 602

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Price History

DateEventPrice
December 4 2024Listed$250,000.00