Route 32 Strategic Property

140 Route 32, Central Valley, NY 10917

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For Sale

$1,600,000

Renovated building near Woodbury Commons, suitable for various uses.

Type:Commercial/Industrial

Property size:

5,800 SF

Lot size:

1.30 Acres

Price / SF:

$275/SF

HighLights

Strategic location adjacent to Woodbury Commons Premium Outlets with high traffic count and extreme visibility.
Proximity to two planned hotel projects (potential 220 rooms).
Renovated building suitable for various uses (retail, storage, restaurant, office, personal services).
Open span interior offering flexible layout options.
Easy access to major highways.
Only available property this close to highways and shopping.

We can help!

Listing Contact

Chris Scibelli

For Sale

$1,600,000

Renovated building near Woodbury Commons, suitable for various uses.

Type:Commercial/Industrial

Property size:

5,800 SF

Lot size:

1.30 Acres

Price / SF:

$275/SF

Added:: Sep 17, 2024
Days on Market:: 641
Last Refresh:: May 19 at 11:13 pm

Property Features for 140 Route 32

General Information

Standard status: Active
Size: 5,800 SF
Lot size: 1.30 Acres
Property subtype: Commercial/Industrial

Building Details

Year Built: 1970

We can help!

Listing Contact

Chris Scibelli

Listing agent Chris Scibelli License #10491200206

Listing office Keller Williams Realty

Listing date Sep 17, 2024

Source Exitrealty

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

HighLights

Strategic location adjacent to Woodbury Commons Premium Outlets with high traffic count and extreme visibility.
Proximity to two planned hotel projects (potential 220 rooms).
Renovated building suitable for various uses (retail, storage, restaurant, office, personal services).
Open span interior offering flexible layout options.
Easy access to major highways.
Only available property this close to highways and shopping.

Overview

This strategic property is located along State Route 32, near highways and shopping, and overlooks the Woodbury Commons Premium Outlet Center. The totally renovated former restaurant building has been re-purposed for a personal services business, featuring an entirely open span suitable for many uses. It benefits from the highest traffic count in town and is located seconds from the Woodbury Commons entrance, offering easy access and extreme visibility. The property is suitable for retail, storage, restaurant, or office use. Two hotel projects are currently in the Planning Board stage surrounding the building, potentially adding 220 hotel rooms. The property size is 5800 square feet.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$155.9k	$26.88
− Vacancy	−$26.5k	−$4.57
EGI	$129.4k	$22.31
− OpEx	−$32.4k	−$5.58
NOI	$97.1k	$16.73

5,800 SF · lease $26.88/SF/yr · vacancy 17.00% · expense 25.00%

Alternative Uses

Best Use

Office B

$1.39M

$1.21M – $1.62M (±1% cap)

NOI $97,050 @ 7.0% cap · market cap 6.07%

Second Best

Retail

$1.01M

$882.4K – $1.18M (±1% cap)

NOI $70,595 @ 7.0% cap · market cap 4.41%

Theoretical Best

Office A

$1.96M

$1.72M – $2.29M (±1% cap)

NOI $137,507 @ 7.0% cap · market cap 8.59%

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

Property Profile Location Intelligence

Current Use by Public Records

Storefront properties

Suggested Use

Location Insight

Map
Local Demand

City: Central Valley
County: Orange
State: New York
Longitude: -74.123
Latitude: 41.3227

What type of property is this?

Storefront property - Renovated building near Woodbury Commons, suitable for various uses.

Where is this storefront property located?

The property is located at 140 Route 32 Central Valley, NY.

What is the asking price?

The asking price for this property is $1,600,000.

What are key features of this property?

This property features: Strategic location adjacent to Woodbury Commons Premium Outlets with high traffic count and extreme visibility.; Proximity to two planned hotel projects (potential 220 rooms).; Renovated building suitable for various uses (retail, storage, restaurant, office, personal services).