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    State Ave Babylon, NY

    Sponsored
    For Sale
    $450,000

    Route 42 Commercial & Residential Land

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    340
    This exceptional 12.1-acre property in Babylon, NY, presents a unique mixed-use opportunity. Boasting 474 feet of frontage on busy Route 42, it enjoys high visibility with an estimated 2900 cars passing daily. The property includes an 11.1-acre commercial parcel and a separate 1-acre residential parcel, ideal for a live-work situation or employee housing. Currently generating rental income from bus parking, the commercial land offers significant potential for various ventures. The property also includes a transferable junk yard license, though never utilized. Conveniently located on a main artery between Port Jervis and Monticello, with easy access to Route 17 and Interstate 84, this location provides excellent regional connectivity. Existing three-stage electric infrastructure on neighboring parcels simplifies utility implementation. All information is believed to be accurate but should be independently verified. This is a rare chance to acquire a high-traffic, versatile property with substantial development potential in a prime location. The property is priced at $450,000.

    Property Features for State Ave

    General Information

    Property type
    Other commercial real estate

    Building Details

    Year Built
    1964
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Babylon
    County
    Orange County
    State
    New York
    Longitude
    -73.34815
    Latitude
    40.74169

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    FAQs

    What type of property is this?
    Commercial real estate - Route 42 Commercial & Residential Land
    Where is this commercial real estate located?
    The property is located at State Ave Babylon, NY.
    What is the asking price?
    The asking price for this property is $450,000.
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    State Ave Babylon, NY
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    Babylon, NY
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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
    State Ave Babylon, NY
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