78-80 Purdy Ave - Garden Center FOR SALE


Port Chester, NY 10573
$2,950,000 USD
914-906-5419
78-80 Purdy Ave, Port Chester, NY for Sale
$2,950,000 USD
Garden Center - FOR SALE
1/15
null | Request Cap Rate

78-80 Purdy Ave
Port Chester, NY 10573


HIGHLIGHTS

  • BULK SALE of the Real Estate and the Floral Shop / Garden Center Business
  • Real Estate may also be leased in conjunction with the sale of the business.
  • Well established and very successful floral & garden center business as Tenant.
  • Centrally located to all highways - I-287, I-95, I-684, Merritt & Hutchinson River Parkways. Within a few blocks of Metro North RR.
  • Owner "may" consider financing.

OVERVIEW

REAL ESTATE & FLORAL BUSINESS ARE FOR SALE AS A PACKAGE. A rare opportunity awaits the right purchaser to acquire a very well established and successful, Floral Fashions shop & Gardening Center Business, PLUS its Real Estate both of which are currently owned and operated under single management. Located in Port Chester, NY which in and of itself is experiencing dramatic and significant growth with new real estate development and investment, the Floral Fashions brand has been in business at this important crossroads of southern Westchester County for 47 years. (ALSO: See the "Business For Sale" listing of Floral Fashions in BizBuySell.com for further details). With the owner's decision to retire, this turnkey offering with "Floral Fashions" as the sole tenant, will allow the purchaser the unique ability to walk in and hit the ground running with a well-positioned and strong going-concern business. The asking price for the PACKAGE includes: the REAL ESTATE improved with a 1.5 story, 5,771sf masonry building with greenhouse and warehouse areas PLUS; the FLORAL FASHIONS / GARDEN CENTER BUSINESS with its entire and robust product inventory consisting of but not limited to its outstanding nursery of cut flowers and live plants (tropical, seasonal and landscape), glassware, pots and basketry, all of the display racks, work tables, FF&E, three (3) Ford delivery vehicles plus a Mitsubishi forklift and the business POS system, all INCLUDED in the asking price. The Real Estate, which makes up a portion of the asking price and is an “as of right” use, consists of the following: The Building: a.) A 1.5 story masonry building containing a GBA of approximately 5,771 is broken down with 4,221sf ± on the 1st floor plus an additional 1,550sf± on the 2nd floor. b.) An outdoor greenhouse/nursery/display area (not included in square footage above) is beneath a trellis attached to the front of the building and contains approximately an additional 400sf ±. (See the floor plan sketch). The lot: a.) The primary land area consists of two adjoining tax lots which contain a total of approximately 7,014 square feet. (The building and greenhouse segments cover the entire area). Rented rear land: a.) Behind the subject's 7,014 square foot lot on which the building is set is an outdoor nursery which is rented and operated by Floral Fashions totaling an additional 3,416 square feet ±. This property is also characterized as "rear land" and is owned by two adjacent property owners. It is completely covered with additional live inventory owned by Floral Fashions in the form of living plants and trees thereby bringing its total ground floor display and growing area to approximately 10,430sf±. (7,014sf + 3,416sf = 10,430sf ± or .24ac). This rear land is NOT part of the purchase price but may be leased separately from the adjacent property owners to continue the tenancy if the purchaser choses to do so. From its smallest individual customer to its impressive list of corporate clients, Floral Fashions offers a special advantage and opportunity for an investor or entrepreneur to position themselves for continued growth and profitability. During the nearly ten decades it has been in business, the Floral Fashions brand has gained a strong and enviable reputation of providing high levels of quality merchandise and service throughout the tri-state area with its loyal and solid customer base thereby strengthening its position as a very stable and viable Tenant in this location. In lieu of selling the real estate, owners may consider a lease to the purchaser of the floral business. Additional financial information for the floral shop business will be made available on receipt of a Non Disclosure Agreement, Letter of Intent and Proof of Funds from a qualified buyer. (Also see BizBuySell.com).

FOR SALE DETAILS

PRICE

$2,950,000 USD

PRICE/SF

$511 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Bulk Sale-Property & Floral Fashions Business

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Garden Center

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,014 SF

ZONING

CD-5

APN/PARCEL ID

4801-142-000-00038-002-0024-0000000,4801-142-000-00038-002-0025-0000000

ASK ABOUT THIS PROPERTY

Neil PaganoC.J. Pagano & SonsMore Info
914-906-5419

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Neil PaganoC.J. Pagano & SonsMore Info
914-906-5419

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.