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73 Little York Rd Warwick, NY 10990

Sponsored
For Sale
$2,395,000

Profitable Farm, Residential & Retail

Property size:
10,000 SF

Description

Added:
Dec 11, 2024
Days on Market:
392
Exceptional investment opportunity: The Scheuermann Farm and Garden Center, a renowned 5th-generation family-owned operation in Warwick, NY, presents a unique blend of agricultural, residential, and retail uses. This 31-acre property boasts 10,000 square feet of space across six buildings, including 10,000 square feet of greenhouses, multiple barns, a shop, and an updated main house. Currently operating at 100% occupancy with two tenants, the property generates a strong pro-forma NOI of $168,681, representing a 7.04% cap rate. The asking price is $2,395,000 ($239.50/sq ft). Eleven residential units are included. The property sits on 10 separate parcels of prime black dirt land, zoned AI Agricultural Industrial, offering significant expansion potential. Its strategic location near successful wineries and distilleries, coupled with breathtaking farm and mountain views, makes it an ideal location for various ventures, including a brew pub, distillery, or wedding venue. This multi-faceted property offers a rare combination of established income streams and significant upside potential for a savvy owner/user. The property includes a gift shop and benefits from its well-known reputation within the community.

Property Features for 73 Little York Rd

General Information

Property type
Multifamily properties
Square Feet
10,000 SF
Class
B
Lot Size
1,350,360 SF

Building Details

Buildings
6
Units
11

HighLights

  • Exceptional investment opportunity: 31‑acre Warwick, NY property with six buildings totaling 10,000 square feet, including greenhouses and barns.
  • Generates a strong NOI of $168,681, representing a 7.04% cap rate, with an asking price of $2,395,000 ($239.50/sq ft).
  • Includes eleven residential units and a gift shop, currently 100% occupied with two tenants.
  • Sits on ten parcels of prime black dirt land, zoned AI Agricultural Industrial, offering significant expansion potential.
  • Prime location near wineries and distilleries, with stunning views, ideal for various ventures.
Property Profile Location Intelligence

Current Use by Public Records

Scheuermann Farms & Greenhouses Greenhouse

Suggested Use

Restaurant Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Clothing Store Pharmacy Kitchen & Bath Food Market Accounting Firm

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

Location Insight

  • Map
  • Local Demand
City
Warwick
County
Orange
State
New York
Longitude
-74.4481
Latitude
41.291923

FAQs

What type of property is this?
Multifamily property - Profitable Farm, Residential & Retail
Where is this multifamily property located?
The property is located at 73 Little York Rd Warwick, NY.
What is the asking price?
The asking price for this property is $2,395,000.
What are key features of this property?
This property features: Exceptional investment opportunity: 31-acre Warwick, NY property with six buildings totaling 10,000 square feet, including greenhouses and barns.; Generates a strong NOI of $168,681, representing a 7.04% cap rate, with an asking price of $2,395,000 ($239.50/sq ft).; Includes eleven residential units and a gift shop, currently 100% occupied with two tenants.
More about this property
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