26 Hospital Rd Mineville, NY 12960
This exceptional mixed-use property at 26 Hospital Rd, Unit 26, Mineville, NY, presents a unique investment opportunity. Spanning 5,255 square feet on a 2.1-acre lot, this historic building boasts stunning valley views. Previously serving as a mine hospital and later as Moriah Town offices, the property has undergone significant renovations. The roof and windows have been completely replaced, and the brick exterior has been restored to its original beauty. All asbestos has been professionally removed, ensuring a safe and sound investment. Approved plans for conversion into five apartments (one studio, four one- and two-bedroom units) are included in the sale, offering immediate development potential. Exterior work is nearing completion, with interior renovations slated to begin mid-July. Ample parking is available, perfectly suited to the proposed multi-family use. This property offers a blend of historical charm and modern convenience, making it an ideal investment for discerning buyers seeking a high-return opportunity in a picturesque setting. The asking price is $229,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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