Active
2115 Downer Street Road, Van Buren NY 13027
MLS# S1657734
$899,900
Price
-
Beds
-
Baths
8,016
Living Area (Sq.Ft.)
1.95
Lot Area (Acres)
$899,900
Price
-
Beds
-
Baths
8,016
Living Area (Sq.Ft.)
1.95
Lot Area (Acres)
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 at a 10.5% 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 sealed 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.
Status
Active
Property Type
CommercialSale
Property Sub Type
--
Year Built
1986
Parcel Number
315689-034-000-0003-017-003-0000
Unit Number
--
Lot Features
Irregular Lot
Levels
One
Stories
1
Property Condition
Resale
Elementary School District
Baldwinsville
Middle Or Junior School District
Baldwinsville
High School District
Baldwinsville
Location
Listing Agent
Dante Belmonte
Listing Office
Hunt Real Estate ERA
Owner Name
--
Owner Phone
--
Possession
CloseOfEscrow
Special Listing Conditions
Standard
Listing Terms
Cash
Documents Available
Survey
Listing Agreement
ExclusiveRightToSell
Listing Contract Date
2026-01-13
Fire Places Total
0
Cooling
true
Cooling Features
CentralAir
Heating
true
Heating Features
Gas, Forced Air
Garage
--
Garage Spaces
--
Water Source
Public
Sewer
PublicSewer
Roof
Asphalt, Shingle
Utilities
Sewer Connected, Water Connected
Parking Total
35
No schools found
Information deemed reliable but not guaranteed. IDX data © 2019 REIS MLS. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the REIS MLS. Real estate listings held by brokerage firms and are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Realoq is not a Multiple Listing Service, nor does it offer MLS access. This website is a service of Realoq, a service company Participant of the REIS MLS. Information deemed reliable but not guaranteed. Data updated daily; data last updated .
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Listed By
Information deemed reliable but not guaranteed. IDX data © 2019 REIS MLS. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the REIS MLS. Real estate listings held by brokerage firms and are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Realoq is not a Multiple Listing Service, nor does it offer MLS access. This website is a service of Realoq, a service company Participant of the REIS MLS. Information deemed reliable but not guaranteed. Data updated daily; data last updated .
Digital Millennium Copyright Act (DMCA) Notice
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA"), provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices and counter-notices should be sent in writing by mail to DMCA Designated Agent.
The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and e-mail address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner's behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.