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    1 John St Millerton, NY 12546

    Sponsored
    For Sale
    $985,000

    Profitable, fully occupied, 4940 sqft.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This meticulously renovated four-story office building at 1 John Street, Millerton, NY, presents a compelling investment opportunity. The property boasts 4940 square feet of commercially zoned space, currently enjoying full occupancy with a strong rent roll reflecting excellent financials. The building's 14 offices are spread across four floors, creating a vibrant mix of tenants including quiet offices, service providers, and artists. The building itself is in excellent condition, having been well-maintained by the current owners. This includes the offices, common areas, and mechanical systems, ensuring a comfortable and efficient workspace for all tenants. The property also features low-maintenance landscaping and ample parking, adding to its appeal. The 0.33-acre lot provides convenient access and ample space. Long-term tenants contribute to the stability and predictability of the income stream, making this a low-risk, high-reward investment for discerning buyers. The building's strong financial performance, coupled with its desirable location and well-maintained condition, positions it as an exceptional addition to any investment portfolio. This is a rare opportunity to acquire a fully occupied, income-producing commercial property in a thriving community.

    Property Features for 1 John St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    14,375 SF

    Building Details

    Year Built
    1851
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Millerton
    County
    Dutchess County
    State
    New York
    Longitude
    -73.51169
    Latitude
    41.95405

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    FAQs

    What type of property is this?
    Commercial real estate - Profitable, fully occupied, 4940 sqft.
    Where is this commercial real estate located?
    The property is located at 1 John St Millerton, NY.
    What is the asking price?
    The asking price for this property is $985,000.
    Request Owner's contact information
    1 John St Millerton, NY 12546
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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
    1 John St Millerton, NY 12546
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