5 Leonard Way

Prime Investment Opportunity in Deposit NY. Built in 2003, this 7000 plus square foot facility set on 1 + acres. This building was built with the finest finishes for the intended use as the "Police Barracks" and is centrally located with easy access to I86/Rt 17 E and W, serviced with public gas, water and sewer. Recent upgrades include an updated Blacktop Parking Lot in 2023, a new Furnace 2023, and freshly painted inside. The upper level of the property boasts a mix of office and conference room space with a breakroom and Kitchen, 3 half baths and a shower room. There is also an oversized 2 car garage with insulated doors and automatic openers. The basement level offers a gym, locker room and sleeping quarters along with the utilities. The building is also equipped with an automatic generator. With a current lease until July 2028 with an option to renew, this property offers an attractive cap rate of 10.9%.