Oswego, NY Venture Brokerage Group brokered the sale of the retail investment property located at 301 State Rte. 104. The multi-tenant retail strip center sold for $3.21 million.
Valerie Vincent of Venture Brokerage Group represented the owner in the negotiation and sale of the property.
The asset is positioned on State Rte. 104 in front of Walmart Superstore with shared access via a common drive lane and signalized intersection. The property benefits from visibility, ingress/egress and strong traffic counts along one of the town’s primary commercial corridors.
The retail center is anchored by nationally recognized tenant Harbor Freight, alongside T-Mobile and Oswego Nails & Spa, providing a stable and diverse tenant mix with long-term NNN leases in place providing steady income generation. The property offered investors long-term value through established tenancy, consistent customer traffic, and minimal management responsibilities.
The Oswego market continues to experience renewed commercial momentum driven by a growing base of manufacturing, retail, service industries, and continued investment throughout Central New York. Additionally, the region has seen increasing investor interest due to its proximity to Micron Technology’s planned semiconductor development currently under construction in nearby Clay, further strengthening long-term economic outlook and commercial real estate demand throughout the market.
New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,