Commercial - Montour Falls

PROPERTY ADDRESS AND KEY FEATURES

Address: National Heathcare Manufacturing Corp., State Route 14 & Owego Street, Village of Montour Falls, Schuyler County, New York

Key Features:

• Large Floor Area of 33,000 sq. ft.
• Previous Class 10,000 clean room structure totaling 6,300 sq. ft. with separate doorways leading to five separate partitioned sections
• Loading dock area of 5,000 sq. ft. with 21' high ceilings and two-each dock-high doors
• Fully functional, automated fire protection system, throughout facility
• Fully heated by gas forced-air furnaces and nearly fully air-conditioned except for the rear shipping area. Electric is 3-phase 480 volts.

SELLER WILL FINANCE 90%

The seller of this property would be happy to carry back a first mortgage equal to 90% of the purchase price.  This means the buyer only has to put down $150,000.  The terms would be 8.9%, 30 years amortized, due in seven years, with a monthly payment of $10,765. 

PROPERTY DESCRIPTION

The property is a one-story, masonry block and steel frame building on slab originally built in 1989 as a Jamesway department store. Jamesway vacated the store in the mid 1990’s and the building sat empty until it was converted to its current use in 1999 as a manufacturing and warehouse facility, with office and clean room space. The building totals 50,160 sq. ft. of which 5,000 sq. ft. is office space, 6,000 sq. ft. is Class 10,000 clean room space, 6,000 sq. ft. is shipping space and the balance or 33,000 sq. ft. is warehouse space. The facility is designed to manufacture surgical kits.

The exterior walls are decorative and plain concrete block. The flat roof is a rubber membrane roof over steel decking supported by a steel frame. The roof appears to be in good condition. The building is fully sprinklered, full heated by gas forced-air furnaces and nearly fully air-conditioned except for the rear shipping area. Electric is 3-phase 480-volts. The interior clearance is 14-feet.

There are two loading docks in the shipping area as well as a mezzanine breakroom and men’s/women’s lavatories. quality construction with steel cased view windows and quality, windowed steel doorways, drywall walls and a 2x4 suspended ceiling. There are separate men’s/women’s lavatories for the office. The warehouse area of the building is finished with drywall perimeter walls, a suspended ceiling with fluorescent lighting and a concrete floor.

The clean room was designed and built as a Class 10,000, which provides the second highest level of filtration available. The clean room is divided into five bays with an entrance room. IN each bay is a machine which packages sterile surgical kits. The floors are concrete with an epoxy finish. The walls are steel panels with an acrylic enamel supported by metal studs, and the ceilings are a suspended type with special panels. Lighting overhead is fluorescent. The room is fully climate controlled for temperature and humidity. There is an air flow system which is constantly rotating and filtering the air in the room

The property site totals 6.23 acres. It is an irregularly shaped site with a large asphalt surfaced parking lot in front of the building and asphalt surfaced driveways around the building. There is parking for over 250 automobiles. Located on  prime state highway frontage with average daily vehicle traffic of 6,700. It is zoned Planned Development Business District and is serviced by all public utilities.

Estimated Market Value: $2,220,000 with an allocation of $1,405,000 to the building and land, and $815,000 to the clean room improvements and new offices, which are considered to be part of the real estate and not FF&E.

If you are interested in this property, please contact:

Edward Atwill at Straight Line Realty
Phone: 607-546-2984
atwill@htva.net

PLEASE NOTE: The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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