Flex Storage Corner
22 1st St Port Jervis, NY 12771
New
For Sale
Contact for pricing
Level corner lot with two garages and two electric-service structures, located on 1st Street and Railroad Ave.
Property Size800 SF
Price / SF$123.75
Days on Market5
Property Features for 22 1st St
General Information
Standard status
Active
Size
800 SF
Property subtype
RETAIL
Listing Agency:
Century 21 - Geba Realty | Sparrow Bush
(845) 807-4532
Listed By:
Lorraine Smith
(845) 807-4532
Source:
Moodyscre
Added: Jul 24
Changed: Jul 28
Last Checked: Jul 28 at 3:39AM
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 Century 21 - Geba Realty | Sparrow Bush
Investment Insights
Based on property information with market context.
This multi-use corner lot offers existing pre-existing storage use and includes two on-site structures. A two-car cement block garage measures 32' x 25' with a cement floor and 100 amp electric service, built in 1950 and reported to be in very good condition. An additional ice house structure measures 30' x 26' with steel wall panels and an aluminum roof, dating to circa 1900.
The property sits on a corner with road frontage of 114' on 1st Street and 50' along Railroad Ave. It is zoned WMU and includes nonconforming current storage use, with additional possible uses subject to Planning or Zoning Board approval.
The site is described as level and is within walking distance of the train station, downtown shops, a park, food options, and the Delaware River/PA-NY border.
The property sits on a corner with road frontage of 114' on 1st Street and 50' along Railroad Ave. It is zoned WMU and includes nonconforming current storage use, with additional possible uses subject to Planning or Zoning Board approval.
The site is described as level and is within walking distance of the train station, downtown shops, a park, food options, and the Delaware River/PA-NY border.
Key Highlights
- Multi‑use corner lot in the City of Port Jervis, zoned WMU
- 114' frontage on 1st Street and 50' frontage on Railroad Ave
- Current pre‑existing storage use (non‑conforming use)
Financial Insights For Industrial
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 | $10.3k | $12.84 |
| − Vacancy | −$698 | −$0.87 |
| EGI | $9.6k | $11.97 |
| − OpEx | −$2.9k | −$3.59 |
| NOI | $6.7k | $8.38 |
800 SF · lease $12.84/SF/yr · vacancy 6.80% · expense 30.00%
Alternative Uses
Best Use
Flex RnD
$156.9K
$137.3K – $183.0K
NOI $10,982 @ 7.0% cap · market cap 11.09%
Second Best
Industrial
$95.7K
$83.8K – $111.7K
NOI $6,701 @ 7.0% cap · market cap 6.77%
Theoretical Best
Office A
$219.4K
$192.0K – $256.0K
NOI $15,360 @ 7.0% cap · market cap 15.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Flex space - Level corner lot with two garages and two electric-service structures, located on 1st Street and Railroad Ave.
Where is this flex space located?
The property is located at 22 1st St Port Jervis, NY.
What is the asking price?
The asking price for this property is $99,000.
What are key features of this property?
This property features: Multi‑use corner lot in the City of Port Jervis, zoned WMU; 114' frontage on 1st Street and 50' frontage on Railroad Ave; Current pre‑existing storage use (non‑conforming use)
