Mixed-Use Property with Recreation
152 Bedell Ave, Highland, NY 12528
For Sale
New
$1,495,000
A separate workshop and storage building expands the property’s commercial functionality.
Property Size12,205 SF
Lot Size3.90 Acres
Price / SF$122.49
Days on Market4
Property Features for 152 Bedell Ave
General Information
Standard status
Size
Lot size
Property subtype
Warehouse & Industrial
Warehouse Space
Three-Phase Power
Additional Details
Property Use
Listing Agency:
eXp Realty
Listed By:
Syndi R. Acampora
(845) 377-9588
Source:
Searchhomesinlongisland
Added: Nov 3
Changed: Nov 6
Last Checked: Nov 6 at 2:28PM
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 eXp Realty
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Investment Insights
Based on property information with market context.
Set on approximately 3.9 acres, this mixed-use property combines an 8,638-square-foot fitness and wellness facility with 6,661 square feet of workshop and storage space. The fitness building includes a reception area, high-ceiling workout floor, indoor recreation court, offices, separate locker rooms with showers, and an upper-level yoga studio with exposed beams. A four-bay garage serves the workshop and storage component.
Building systems and finishes include spray foam insulation, three-phase electric, heating and cooling systems, septic, and commercial flooring. The existing layout supports a range of possible business configurations, subject to zoning and required municipal approvals.
Building systems and finishes include spray foam insulation, three-phase electric, heating and cooling systems, septic, and commercial flooring. The existing layout supports a range of possible business configurations, subject to zoning and required municipal approvals.
Key Highlights
- Approximately 3.9 acres with 15,299 SF of combined building area
- 8,638 SF fitness and wellness facility with workout floor and indoor recreation court
- Separate 6,661 SF workshop and storage area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$129,068
Cap Rate
8.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,581,360
$2.6M
Cap Rate 7%
$1,843,829
$1.8M
Cap Rate 9%
$1,434,089
$1.4M
Market Conditions
NOI Build-Up for 12,205 SF
Gross rent
$219.7K $18.00/SF
− Vacancy
−$13.2K −$1.08/SF
EGI
$206.5K $16.92/SF
− OpEx
−$77.4K −$6.34/SF
NOI
$129.1K $10.58/SF
Area
Ulster County, NY
Vacancy
6.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,581,360
Cap Rate 7%
$1,843,829
Cap Rate 9%
$1,434,089
Alternative Uses
Best Use
Mixed Use
$1.84M
$1.61M – $2.15M
NOI $129,068 @ 7.0% cap · market cap 8.63%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$114.14M
$99.87M – $133.16M
NOI $7,989,679 @ 7.0% cap · market cap 534.43%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
43
Businesses Nearby
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Business Placement
Demographics for 12528, NY
14,089
Population
6,332
Households
2.2
Avg Household Size
44
Median Age
42%
College-Educated
94%
High-School Grad
44.9 sq mi
ZIP Area
314
Density / Sq Mi
$89,096
Median Household Income
$57,626
Median Earnings
$1,642
Median Rent
$337,400
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Ulster County, NY
Properties on Market for Mixed-use properties in Ulster County
Frequently Asked Questions
What type of property is this?
Mixed-use property - A separate workshop and storage building expands the property’s commercial functionality.
Where is this mixed-use property located?
The property is located at 152 Bedell Ave Highland, NY.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: Approximately 3.9 acres with 15,299 SF of combined building area; 8,638 SF fitness and wellness facility with workout floor and indoor recreation court; Separate 6,661 SF workshop and storage area
