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    1627-1635 9W Bethlehem, NY 12758

    Sponsored
    For Sale
    $2,400,000

    Established storage business, expansion potential.

    Property size:
    6,000 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This turnkey investment opportunity presents a well-established storage business situated on a prominent location along US Route 9W in Bethlehem, NY. The property encompasses two buildings totaling 6,000 square feet, currently housing 104 individual storage units. A significant advantage is the existing town approval for an expansion of 500 additional units, presenting substantial growth potential. The current vacancy rate is a low 3-4 percent, indicating strong tenant demand. The property boasts 400 feet of road frontage, providing excellent visibility and accessibility. Beyond the storage units, the 23.52-acre parcel includes a significant wooded area. The property also includes a charming 2,800 square foot original 1960's red brick building. Infrastructure is well-maintained, featuring a 10-year-old well and septic system, a 4-year-old roof, and a roughly 2-year-old natural gas furnace. Property taxes are combined for both parcels. The substantial acreage and existing infrastructure offer significant opportunities for expansion into private events or other complementary business ventures. This property offers a rare combination of established income, expansion potential, and a desirable location, making it an exceptional investment opportunity. Heating is provided by oil, and the system is above ground.

    Property Features for 1627-1635 9W

    General Information

    Property type
    Other commercial real estate
    Square Feet
    6,000 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Bethlehem
    County
    Out of Area
    State
    New York
    Longitude
    -74.7988
    Latitude
    41.911

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    FAQs

    What type of property is this?
    Commercial real estate - Established storage business, expansion potential.
    Where is this commercial real estate located?
    The property is located at 1627-1635 9W Bethlehem, NY.
    What is the asking price?
    The asking price for this property is $2,400,000.
    (845) 339-9999
    Request Owner's contact information
    1627-1635 9W Bethlehem, NY 12758
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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
    1627-1635 9W Bethlehem, NY 12758
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