Route 52 Commercial
2623 Route 52 Hopewell Junction, NY 12533
2623 Route 52, Hopewell Junction, NY, 12533
$425,000
For Sale
$425,000
Three-level commercial building on Route 52 with ample parking.
Property Size2,178 SF
Lot Size0.49 Acres
Price / SF$195.13
Days on Market133
Property Features for 2623 Route 52
General Information
- Standard status
- Active
- Size
- 2,178 SF
- Lot size
- 0.49 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1965
Listing agency
KELLER WILLIAMS REALTY PARTNER
(914) 450-1185
Listed by
Dominick DiFilippo
(914) 450-1185
Source
Elliman
Added: Mar 11 Updated: Jul 10 at 3:49PM Checked: Jul 21 at 6:58AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KELLER WILLIAMS REALTY PARTNER
Investment Insights
Based on property information with market context.
This three-level building offers 2,178 square feet of space and is situated on a half-acre property directly on Route 52, less than a quarter mile from the Taconic State Parkway. The property features high visibility and effortless access with ample on-site parking. The building is in excellent condition. A new water house filter and holding tank were installed last year, and the roof is five years old. The main level includes a reception area, a waiting room, and two offices, along with a powder room. The upper level is currently gutted, offering a customizable space suitable for additional office space or a live/work setup. The large basement with a pull-in garage provides storage or additional parking, and the private backyard offers further space for vehicles or outdoor storage. This property is suitable for launching, expanding, or relocating a business.
Key Highlights
- Prime location on Route 52, less than a quarter mile from the Taconic State Parkway, offering unbeatable visibility and high traffic.
- Building is in excellent condition with a relatively new roof (5 years old).
- Ample on‑site parking and a pull‑in garage in the basement provide excellent parking and storage options.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $59.6k | $27.36 |
| − Vacancy | −$13.1k | −$6.02 |
| EGI | $46.5k | $21.34 |
| − OpEx | −$11.6k | −$5.34 |
| NOI | $34.9k | $16.01 |
2,178 SF · lease $27.36/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$498.0K
$435.8K – $581.0K
NOI $34,860 @ 7.0% cap · market cap 8.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$655.6K
$573.7K – $764.9K
NOI $45,893 @ 7.0% cap · market cap 10.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Office building - Three-level commercial building on Route 52 with ample parking.
Where is this office building located?
The property is located at 2623 Route 52 Hopewell Junction, NY.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Prime location on Route 52, less than a quarter mile from the Taconic State Parkway, offering unbeatable visibility and high traffic.; Building is in excellent condition with a relatively new roof (5 years old).; Ample on‑site parking and a pull‑in garage in the basement provide excellent parking and storage options.
