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    1620 Columbia Tpke Berne, NY 12023

    Sponsored
    For Sale
    $310,000

    Restaurant, Apartments, High Traffic Area

    Property size:
    4,120 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional mixed-use property in Castleton-on-Hudson, NY, presents a unique investment opportunity. Located at 1620 Columbia Turnpike, this 4,120 square foot building sits on a 1.03-acre lot with 208.8 feet of road frontage, experiencing high traffic volume (approximately 25,000+ vehicles daily). The property features a former restaurant space with a fully equipped kitchen, offering potential for a bar/restaurant, bed and breakfast, or other commercial ventures. Above the commercial space are three renovated apartments, each with separate utility meters, hardwood floors, wall-to-wall carpeting, new appliances, and fresh paint. A charming two-bedroom cottage is situated at the rear of the property. The building, constructed in 1829, is a two-story structure with 30 parking spaces and is zoned HC. Utilities include natural gas, a private well, and septic system, with public water hook-up availability. Its convenient location offers close proximity to shopping centers, restaurants, Albany, and the New York State Thruway. The property includes four units in total. The asking price is $310,000. APN: 178.-11-21.

    Property Features for 1620 Columbia Tpke

    General Information

    Property type
    Restaurants
    Square Feet
    4,120 SF
    Lot Size
    44,867 SF

    Building Details

    Year Built
    1829
    Stories
    2
    Units
    4

    HighLights

    • $310,000 asking price for a mixed‑use property.
    • 4,120 square feet on a 1.03‑acre lot with 30 parking spaces.
    • Four units: three apartments and a two‑bedroom cottage.
    • Located at 1620 Columbia Turnpike, Castleton‑on‑Hudson, NY 12023, with 208.8 feet of road frontage.
    • Features a fully equipped kitchen, suitable for restaurant use, and recently renovated apartments with hardwood floors and new appliances.
    • Utilities include natural gas, private well, and septic; public water hookup available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Berne
    County
    Rensselaer
    State
    New York
    Longitude
    -74.1474846
    Latitude
    42.5866931

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    FAQs

    What type of property is this?
    Restaurant - Restaurant, Apartments, High Traffic Area
    Where is this restaurant located?
    The property is located at 1620 Columbia Tpke Berne, NY.
    What is the asking price?
    The asking price for this property is $310,000.
    What are key features of this property?
    This property features: $310,000 asking price for a mixed-use property.; 4,120 square feet on a 1.03-acre lot with 30 parking spaces.; Four units: three apartments and a two-bedroom cottage.
    Request Owner's contact information
    1620 Columbia Tpke Berne, NY 12023
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    Berne, NY 12023
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1620 Columbia Tpke Berne, NY 12023
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