Commercial Corner
For Sale
$385,000
168 Kingston Avenue, Wurtsboro, NY 12790
C1-zoned property includes an existing building that sustained damage and may be renovated or replaced.
Property Size1,440 SF
Price / SF$267.36
Days on Market83
Property Features for 168 Kingston Avenue
General Information
Standard status
Active
Size
1,440 SF
Property subtype
Commercial
Zoning
C1
Taxes and HOA fees
Annual Taxes
$4,055
Building Details
Building Size
1,440 SF
Buildings
1
Listing Agency:
KW Hudson Valley United
(845) 610-6065
Listed By:
Lynelle D Alessi
(845) 800-8576
Source:
Croninreale
Added: Aug 4
Changed: Oct 23
Last Checked: Oct 23 at 3:35PM
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 KW Hudson Valley United
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Investment Insights
Based on property information with market context.
This C1-zoned commercial parcel occupies the corner of State Route 209/Kingston Avenue and Sullivan Street in Wurtsboro. An existing building on the property sustained damage in an accident; renovation or new construction are described as options. Potential commercial uses identified for the location include retail, medical or professional offices, pharmacy, take-out, and salon space.
The intersection has a traffic signal. Route 209 carries nearly 6,000 vehicles daily, while Sullivan Street sees more than 4,000. The property is about a mile from NYS Route 17 and directly across from two gas stations with convenience stores and a Dunkin’ Donuts. Other businesses and shops are located down the street.
The intersection has a traffic signal. Route 209 carries nearly 6,000 vehicles daily, while Sullivan Street sees more than 4,000. The property is about a mile from NYS Route 17 and directly across from two gas stations with convenience stores and a Dunkin’ Donuts. Other businesses and shops are located down the street.
Key Highlights
- Corner parcel at State Route 209/Kingston Avenue and Sullivan Street
- Nearly 6,000 vehicles travel Route 209 daily; Sullivan Street carries more than 4,000
- About a mile from NYS Route 17
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,382
Cap Rate
4.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$347,640
$347.6K
Cap Rate 7%
$248,314
$248.3K
Cap Rate 9%
$193,133
$193.1K
Market Conditions
NOI Build-Up for 1,440 SF
Gross rent
$25.9K $18.00/SF
− Vacancy
−$1.1K −$0.76/SF
EGI
$24.8K $17.24/SF
− OpEx
−$7.4K −$5.17/SF
NOI
$17.4K $12.07/SF
Area
Sullivan County, NY
Vacancy
4.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$347,640
Cap Rate 7%
$248,314
Cap Rate 9%
$193,133
Alternative Uses
Best Use
Retail
$248.3K
$217.3K – $289.7K
NOI $17,382 @ 7.0% cap · market cap 4.51%
Second Best
Industrial
$172.3K
$150.8K – $201.1K
NOI $12,063 @ 7.0% cap · market cap 3.13%
Theoretical Best
Office A
$395.0K
$345.6K – $460.8K
NOI $27,648 @ 7.0% cap · market cap 7.18%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
161
Businesses Nearby
22k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 59%
Dining 41%
Dunkin' Donuts
Dining
9,093 visits/mo
0.1 miles
Mobil
Shops & Services
7,804 visits/mo
0.1 miles
Chase Bank
Shops & Services
4,161 visits/mo
0.2 miles
Wayne Bank
Shops & Services
948 visits/mo
0.4 miles
Demographics for 12790, NY
4,817
Population
2,827
Households
1.7
Avg Household Size
47
Median Age
32%
College-Educated
89%
High-School Grad
51.5 sq mi
ZIP Area
94
Density / Sq Mi
$82,772
Median Household Income
$52,448
Median Earnings
$1,414
Median Rent
$203,400
Median Home Value
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Commercial land - C1-zoned property includes an existing building that sustained damage and may be renovated or replaced.
Where is this commercial land located?
The property is located at 168 Kingston Avenue Wurtsboro, NY.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Corner parcel at State Route 209/Kingston Avenue and Sullivan Street; Nearly 6,000 vehicles travel Route 209 daily; Sullivan Street carries more than 4,000; About a mile from NYS Route 17
