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    1627-1635 Rt 9W Selkirk, NY 12158

    Sponsored
    For Sale
    $1,500,000

    Prime Route 9W location, high potential.

    Property size:
    6,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This turnkey investment opportunity presents a rare chance to acquire a well-established mixed-use property situated on a highly visible 400-foot frontage along US Route 9W in Selkirk, New York. The property encompasses 23.52 acres of land, including a wooded area, and features two existing buildings totaling 6,000 square feet. Currently operating as a storage business, the property boasts 104 existing storage units and has received town approval for an additional 500 units, presenting significant expansion potential. The existing buildings include a 2,800 square-foot, 1960s red brick structure. The property also benefits from a 10-year-old well and septic system, a 4-year-old roof, and a 2-year-old natural gas furnace. The asking price is $1,500,000, with a current NOI of $90,446 and a 3.00% cap rate. The property is zoned MU (Mixed Use) and offers ample opportunity for expansion into private events or other business ventures. The current vacancy rate is between 3-4%. Property taxes are combined for both parcels. This is an exceptional opportunity for investors seeking a strong return in a desirable upstate New York location.

    Property Features for 1627-1635 Rt 9W

    General Information

    Property type
    Mixed-use properties
    Square Feet
    6,000 SF
    Lot Size
    1,024,531 SF

    Building Details

    Year Built
    2005
    Buildings
    2
    Units
    500

    HighLights

    • $1,500,000 asking price for a mixed‑use retail property.
    • 6,000 square feet on a 23.52‑acre lot.
    • 3.00% cap rate with a $90,446 NOI.
    • Two buildings, built in 2005, with permitted MU zoning in Selkirk, NY.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Selkirk
    County
    Albany
    State
    New York
    Longitude
    -73.8111034
    Latitude
    42.5233159

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    FAQs

    What type of property is this?
    Mixed-use property - Prime Route 9W location, high potential.
    Where is this mixed-use property located?
    The property is located at 1627-1635 Rt 9W Selkirk, NY.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: $1,500,000 asking price for a mixed-use retail property.; 6,000 square feet on a 23.52-acre lot.; 3.00% cap rate with a $90,446 NOI.
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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
    1627-1635 Rt 9W Selkirk, NY 12158
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