Courtesy: KW Hudson Valley Untied
845-610-6065
Fully leased commercial investment opportunity in desirable Cornwall, NY adjacent and visible from I87/NYS Thruway. The Class A office building is 100% occupied by a long-term commercial tenant (Tectonic Engineering Headquarters) who leases the entire 3 story building through a NNN lease that runs thru October 31, 2029 with built in increases and a 5 year option to extend. Tenant reimburses the landlord for real estate taxes, insurance, and maintenance, creating a strong net-lease income structure. The tenant is also responsible for garbage service, building and septic maintenance, and lawn care/snow removal, resulting in minimal landlord responsibilities which are limited to roof, structure, parking lot and HVAC replacement (new HVAC currently being installed). Additional passive revenue is generated from two longterm rooftop cell tower leases with major telecommunications carriers, Verizon and T-Mobile, providing stable supplemental income with annual lease increases. The total reported net operated income for 2025 was $478,752 reflecting a cap rate of 7.37%. 2026 proforma NOI is $490,658 reflecting an increase to a 7.55% cap rate. Future annual rental projection documents and leases require a signed NDA. Recent capital improvements include a new HVAC system currently being installed by the landlord and a roof replacement completed two years ago, enhancing the property’s long-term reliability and minimizing deferred maintenance expense. Future expansion-Situated on a sizable parcel with potential for a 10000 sq ft building expansion subject to zoning approvals, the property offers future upside in addition to its existing income stream. A rare opportunity to acquire a stable, income-producing commercial asset with long-term tenancy and multiple revenue sources in a strong Hudson Valley market.
Cornwall is located in New York. Cornwall, New York has a population of 12,864. Cornwall is less family-centric than the surrounding county with 31.05% of the households containing married families with children. The county average for households married with children is 36.93%.
The median household income in Cornwall, New York is $104,167. The median household income for the surrounding county is $85,640 compared to the national median of $69,021. The median age of people living in Cornwall is 43.6 years.
The average high temperature in July is 83.9 degrees, with an average low temperature in January of 17.8 degrees. The average rainfall is approximately 47 inches per year, with 36.9 inches of snow per year.
