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    5638 State Route 28N Newcomb, NY 12852

    Sponsored
    For Sale
    $279,999

    Prime Location, High Peaks Views, 3 Units

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional mixed-use property at 5638 State Route 28N in Newcomb, NY, presents a unique investment opportunity. The 0.05-acre lot houses a well-maintained building formerly operating as Dolan's Sports Bar. The main building features a fully equipped kitchen, a bar area, a designated pool table space, and ample seating, ideal for restarting the bar or establishing a new business. The property also includes two residential apartments: a two-bedroom unit and a one-bedroom unit, providing additional income streams. A significant advantage is the inclusion of a detached two-story garage, which has been thoughtfully converted into a one-bedroom apartment, further enhancing rental potential. Situated in the heart of the Adirondack High Peaks region, this property benefits from exceptional visibility and high traffic volume due to its prime location. The surrounding area offers abundant recreational opportunities, including hunting, fishing, and snowmobiling, attracting a large number of tourists and outdoor enthusiasts. This versatile property offers a blend of commercial and residential uses, making it an attractive investment for those seeking a profitable venture in a stunning natural setting. The asking price is $279,999. Don't miss this chance to own a piece of the Adirondacks.

    Property Features for 5638 State Route 28N

    General Information

    Property type
    Mixed-use properties
    Lot Size
    2,178 SF

    Building Details

    Year Built
    1969
    Property Profile Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Hotel & Motel Cafe & Coffee Shop Bed & Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Newcomb
    County
    Out of Area
    State
    New York
    Longitude
    -74.15932
    Latitude
    43.96964

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    FAQs

    What type of property is this?
    Mixed-use property - Prime Location, High Peaks Views, 3 Units
    Where is this mixed-use property located?
    The property is located at 5638 State Route 28N Newcomb, NY.
    What is the asking price?
    The asking price for this property is $279,999.
    (888) 276-0630
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    Newcomb, NY 12852
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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
    5638 State Route 28N Newcomb, NY 12852
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