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Property profile

1142-44 State Route 122 Constable, NY 12926

OFF-MARKET
Mixed-use properties
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3,500 SF 0.75 ac lot Built 1920

Property summary

AI-generated overview

This exceptional mixed-use property in Constable, NY, presents a unique investment opportunity. The main building encompasses a thriving 1500-square-foot deli, complete with retail space, ample storage, and an 8x12 walk-in cooler. A half-bath is conveniently located within the deli area. The property also includes a 1000-gallon gas tank equipped with a computerized pump system. Heating and cooling are efficiently managed by a monitored heat pump system, and a reverse osmosis system ensures high-quality water. Recent upgrades include a new ATM machine, cash register, and safe, along with a three-year-old equipment and fixture refresh. Adding to the income potential are two fully renovated 2-bedroom, 1-bathroom apartments. Each apartment boasts updated electrical, heating, plumbing, hot water systems, windows, doors, walls, ceilings, floors, and roofs. Modern kitchens feature new cabinets and appliances, complemented by new bathrooms. One apartment currently rents for $950 per month (owner pays electric), while the other rents for $850 (tenant pays utilities). The property sits on a 0.75-acre lot, offering ample space and potential for future expansion. This turnkey operation is priced at $165,000 and includes a comprehensive list of equipment. This is a rare opportunity to acquire a profitable and well-maintained commercial property with significant rental income potential. Contact us today for a detailed equipment list and to schedule a viewing.

Property profile

Verified
Property type Mixed-use properties
Year built 1920
Total area 3,500 SF
Lot 0.75 ac (32,670 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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