$925,000

2115 Downer Street Road, Van Buren, NY 13027

  • 8,016 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1986
  • Property Lot Size Icon1.95acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $115/sqft
  • Property List Date Icon Listed 2 months ago

Property Description

Exceptional Investment Opportunity – Fully Leased 8,016 SF Investment Property with Long-Term Tenancy. This 8,016 square foot commercial property offers a stable, income-producing investment just shy of a 9% cap rate. The building is currently 100% leased to two tenants, providing strong, predictable cash flow. Approximately 7,100 SF is leased to PEACE, Inc., a major regional non-profit serving over 10,000 clients throughout Central New York. PEACE, Inc. recently signed a 10-year lease (started in 2024) with built-in annual rent escalations and two 5-year extension options, allowing for up to 20 years of tenancy with scheduled increases — a highly attractive feature for long-term investors. This facility houses the federally funded Head Start Program that has been around since 1968. The remaining 741 SF is leased to a reliable CPR training tenant who has maintained a long-term presence in the building and is on a month-to-month grossly below market rent. In 2024, the landlord and PEACE, Inc. jointly invested over $300,000 into substantial improvements, including a near full interior remodel of the tenant's space, new roof, a repaved parking area, and all new entryway steps and ramps. Additionally, the tenant utilizes 1,500 SF of unfinished basement space for storage, adding functional value to the asset. The landlord covers property taxes, insurance, landscaping, and snow removal, while tenants are responsible for utilities, trash removal, and basic repairs & maintenance — minimizing landlord obligations. With strong tenancy, recent capital upgrades, and structured lease escalations, this property presents a rare chance to acquire a low-maintenance, high-yield asset backed by an established community organization.

Listing Status:
Active
Date Added:
May 14, 2025 at 05:00AM
Listing Office:
Hunt Real Estate ERA : 315-682-7197
Listing Agent:
Dante Belmonte : 315-446-4681
MLS ID:
S1606806
  • A/C: Central Air
  • Heating: GasForced Air
  • Fireplace: Fireplaces: 0

This listing courtesy of Dante Belmonte, Hunt Real Estate ERA

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

V

Van Buren Elementary School

14 Ford St, Baldwinsville, NY, 13027

Grades KG-5

0.96 miles away

T

Theodore R Durgee Junior High School

29 E Oneida St, Baldwinsville, NY, 13027

Grades 8-9

1.83 miles away

C

Charles W Baker High School

29 E Oneida St, Baldwinsville, NY, 13027

Grades 10-12

1.66 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.