1627-1635 Rt 9W Selkirk, NY 12158
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Prime Route 9W location, high potential.
Property size:
6,000 SFProperty 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
Listing Agency: Win Morrison Realty Listing Agent: Kathy Shumway
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
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 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.