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    OFF-MARKET
    Investment properties

    13410 State Rte 12, Boonville, NY 13309-4963

    3,520 SF 0.18 ac lot Built 1950
    Entity Owned 8-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US63-1715677
    Property summary
    AI-generated overview

    This exceptional mixed-use property in Boonville, NY, presents a lucrative investment opportunity. Located at 13410 State Route 12, this offering encompasses a fully occupied commercial plaza featuring five individual storefronts, generating consistent rental income. The property also includes a thriving, recently updated laundromat business, complete with all necessary equipment, contributing significantly to the overall revenue stream. This turnkey operation boasts new equipment, resulting in a substantial increase in profitability. Adding to the appeal is a detached four-bedroom single-family home, providing additional income potential through rental or owner occupancy, and a detached garage. The entire property sits on a 0.43-acre lot, offering ample space and potential for future development or expansion. With a total building area of 3,520 square feet, this property is priced at $450,000 and represents a rare chance to acquire a diversified, high-income-producing asset in a desirable location, offering easy access to the Adirondack Mountains. This is an ideal investment for those seeking passive income and a strong return on investment. The property's current occupancy and established businesses minimize risk and maximize immediate returns. The combination of commercial rental income, laundromat profits, and residential possibilities makes this a truly unique and compelling investment opportunity.

    Property profile
    Verified
    Property type Investment properties
    Use group STORE/OFFICE (MIXED USE)
    Year built 1950
    Total area 3,520 SF
    Lot 0.18 ac (8,040 SF)
    Zoning code C2
    APN 302601 22.018-2-40
    UPID US63-1715677
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    13410 Kindred Real Estate LLC · 8 yrs held
    13410 Kindred Real Estate LLC
    since 2017
    2 recorded transactions
    2017
    $285,000
    2007
    $116,000
    Zoning & alternative use
    C2 · Boonville, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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