Sentry Page Protection

Price: $250,000



This is a two-story, multi-use commercial building on a .66 acre parcel in Willsboro, New York.

The address is 3665 Essex Road (also New York State Route 22).

The ground floor contains an approximate total of 3,500 square feet of office space.

Approximately 1,761 square feet of this space are occupied by the U.S. Post Office (excluding an exterior covered ramp/platform area). The remaining (approximately) 1,776 square feet of office space is currently utilized as a retail consignment shop and was previously utilized as a professional law office. The post office rental space contains two bathrooms. The remaining ground floor rental space contains two bathrooms. The building second floor, which is currently used for storage, contains approximately 3,000 square feet of space, including two bathrooms.

The property has an approximately 7,600 square foot paved driveway and parking area which is shared by the USPS and the other ground floor tenant.

USPS Lease

The current USPS lease runs from July 1, 2017 to June 30, 2022. Rent is $25,000.00 per year.

The renewal rate for the five-year period from July 1, 2022 to June 30, 2027 is $26,250 per year.

The USPS leased space has a separate electrical meter and USPS pays their own electrical bill.

USPS also furnishes and services its own heat and air conditioning.

Landlord is responsible for water and sewer bills (the building has municipal sewer and water) and for snow removal. Water and sewer costs for 2018 were $1,365.00 for the year. Snow removal costs for 2018 were approximately $3,450.00. Property taxes for the 2018 year were $4,636.10 ($2,118.37 for Town and County taxes and $2,517.73 for School taxes). Insurance for the property for 2018 was $1,640.29. Electrical costs for the other ground floor office space (which were paid for by tenant) for 2018 were approximately $2,400.00 for the year.

USPS heats its rental space with a propane heating unit which USPS installed and maintains. The heat source for the building is electric baseboard heat. Thus, the electrical costs for the other ground floor office space listed above include heat and electric.


DISCLOSURE: All information has been provided by the seller. American Postal Owners is not responsible for any claims.



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