Heated Garage Live-Work
51 CRANE RD Winthrop, NY 13697
51 CRANE RD, Winthrop, NY, 13697
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For Sale
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Versatile live-work commercial property with heated garage, office space, and upper level plumbing and electrical ready for an apartment.
Property Size3,472 SF
Lot Size2.80 Acres
Price / SF$115.21
Days on Market78
Property Features for 51 CRANE RD
General Information
- Standard status
- Active
- Size
- 3,472 SF
- Lot size
- 2.80 Acres
- Property subtype
- Retail
Listing agency
Trego Realty Group LLC
Listed by
Liz Trego · License #10491210659
Source
Crexi
Added: May 5 Updated: Jul 21 at 1:53PM Checked: Jul 21 at 1:53PM
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 Trego Realty Group LLC
Investment Insights
Based on property information with market context.
This versatile live-work property is set on 2.8 acres and includes a substantial heated 28' x 64' garage with three oversized bay doors. The main level features a dedicated office area, and the upper level is prepped for an apartment with plumbing and electrical already in place. An attached 12' x 24' one-car garage adds additional enclosed storage or workspace.
Additional outbuildings include a pole barn and two sugar shacks, supporting an established maple sugaring setup. The land includes over 100 mature maple trees currently tapped, along with fruit trees such as apple, cherry, plum, and pear.
A special use permit is noted to allow commercial operations, while the property is described as zoned residential.
Additional outbuildings include a pole barn and two sugar shacks, supporting an established maple sugaring setup. The land includes over 100 mature maple trees currently tapped, along with fruit trees such as apple, cherry, plum, and pear.
A special use permit is noted to allow commercial operations, while the property is described as zoned residential.
Key Highlights
- 2.8‑acre rural property with residential zoning and a special use permit for commercial operations
- 28' x 64' heated garage with three oversized bay doors, plus an office area inside
- Upper level is prepped for an apartment with plumbing and electrical already in place
Local Financial Insights For Warehouse
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 | $32.9k | $9.48 |
| − Vacancy | −$2.3k | −$0.66 |
| EGI | $30.6k | $8.82 |
| − OpEx | −$4.6k | −$1.32 |
| NOI | $26.0k | $7.49 |
3,472 SF · lease $9.48/SF/yr · vacancy 7.00% · expense 15.00%
Alternative Uses
Best Use
Office B
$649.6K
$568.4K – $757.8K
NOI $45,470 @ 7.0% cap · market cap 11.37%
Second Best
Warehouse
$371.7K
$325.2K – $433.7K
NOI $26,019 @ 7.0% cap · market cap 6.50%
Theoretical Best
Office A
$861.4K
$753.7K – $1.00M
NOI $60,296 @ 7.0% cap · market cap 15.07%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
J&J Appliance Service
Home Appliance Store
North Country Equipment ...
(Bike/Boat/Book/etc) Store
FAQs
What type of property is this?
Live-work space - Versatile live-work commercial property with heated garage, office space, and upper level plumbing and electrical ready for an apartment.
Where is this live-work space located?
The property is located at 51 CRANE RD Winthrop, NY.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: 2.8‑acre rural property with residential zoning and a special use permit for commercial operations; 28' x 64' heated garage with three oversized bay doors, plus an office area inside; Upper level is prepped for an apartment with plumbing and electrical already in place
