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    Rte Ravena, NY 12143

    For Sale
    $1,500,000

    High-yield property with renovated apartments & warehouse.

    Property size:
    13,648 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This exceptional mixed-use property in Ravena, NY, presents a compelling investment opportunity. The 13,648 square foot building sits on a spacious 1.92-acre lot, offering ample parking for approximately 100 vehicles or more. The property boasts five fully renovated apartments, each featuring new appliances and hardwood floors. A significant advantage is the brand new roof, minimizing immediate maintenance concerns. Income generation is diversified across multiple tenants. A warehouse space is currently leased, equipped with convenient two-door loading docks. A vintage store occupies a portion of the building, enjoying a long-term lease exceeding nine years. Further income is derived from a car dealership leasing office space and utilizing a portion of the expansive side lot. The property's high occupancy rate and diverse tenant base contribute to a strong 4% cap rate, making it an attractive investment for those seeking stable returns. The substantial lot size and existing infrastructure provide potential for future expansion or redevelopment, adding to its long-term value. This property offers a rare blend of established income and significant growth potential in a desirable location. The combination of residential, commercial, and warehouse space makes this a truly unique and lucrative investment.

    Property Features for Rte

    General Information

    Property type
    Mixed-use properties
    Square Feet
    13,648 SF
    Lot Size
    83,635 SF

    Building Details

    Year Built
    1950
    Property Profile Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Map

    City
    Ravena
    County
    Albany
    State
    New York
    Longitude
    -73.828
    Latitude
    42.4772

    Nearby Comparable

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      Ravena Mixed-Use Investment Opportunity

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      Two-Family Home Near Mosher Park

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      Ravena Mixed-Use Investment

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      Commercial Land on 9W Route

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    Nearby Similar for Sale

    • New
      $219,900
      Pending

      Two-Family Home Near Mosher Park

      Two-family home near Mosher Park, ideal for investment or occupancy.
      21-23 Dempster St, Ravena, NY 12143
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    • $1,500,000
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      Ravena Mixed-Use Investment Opportunity

      Prime Ravena location, 1.92 acres, high potential.
      2530-2534 9W, Ravena, NY 12143
      View Details
    • $1,500,000
      13,648 SF

      Ravena Mixed-Use Investment

      High-return 8-unit property, 13,648 SF
      2530-2534 9W Rte, Ravena, NY 12143
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - High-yield property with renovated apartments & warehouse.
    Where is this mixed-use property located?
    The property is located at Rte Ravena, NY.
    What is the asking price?
    The asking price for this property is $1,500,000.
    (845) 339-9999
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    Rte Ravena, NY 12143
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Rte Ravena, NY 12143
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