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    2352 State Route 66 Ghent, NY 12075

    Sponsored
    For Sale
    $920,000

    Post Office & Income-Producing Buildings

    Property size:
    5,089 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional investment opportunity in Ghent, NY, presents a rare chance to acquire a multi-building commercial property spanning 2.8 acres. The centerpiece is a substantial building currently leased to the United States Post Office under a long-term agreement, providing stable and predictable income. A second building, a historically significant brick structure, is also leased, generating additional rental revenue until October 2025. The property boasts a total of 5,089 square feet of space, offering significant potential for future growth and expansion. A third building, currently used for storage, presents a unique opportunity for redevelopment and the addition of another business. The property's current financial performance is impressive, with a gross annual income exceeding $93,000 and operating expenses totaling $20,167.69. This translates to a strong return on investment, further enhanced by the security and stability of a long-term US Government tenant. The location in the hamlet of Ghent provides convenient access to local amenities and transportation routes. This is a truly unique opportunity for discerning investors seeking a secure and profitable commercial real estate investment. The combination of a reliable government tenant, existing income streams, and the potential for future development makes this property a compelling investment prospect.

    Property Features for 2352 State Route 66

    General Information

    Property type
    Other commercial real estate
    Square Feet
    5,089 SF
    Lot Size
    121,968 SF

    Building Details

    Year Built
    1940
    Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Auto Parts Store Department Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ghent
    County
    Columbia
    State
    New York
    Longitude
    -73.61284
    Latitude
    42.33169

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    FAQs

    What type of property is this?
    Commercial real estate - Post Office & Income-Producing Buildings
    Where is this commercial real estate located?
    The property is located at 2352 State Route 66 Ghent, NY.
    What is the asking price?
    The asking price for this property is $920,000.
    (518) 392-2700
    Request Owner's contact information
    2352 State Route 66 Ghent, NY 12075
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    Ghent, NY 12075
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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
    2352 State Route 66 Ghent, NY 12075
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