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    2530-2534 9W Rte Ravena, NY 12143

    Sponsored
    For Sale
    $1,500,000

    High-return 8-unit property, 13,648 SF

    Property size:
    13,648 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional mixed-use property in Ravena, NY, presents a compelling investment opportunity. Located at 2530-2534 9w Route, this 13,648 square foot building sits on a spacious 1.92-acre lot and boasts 200 parking spaces. The property features eight units, including five renovated apartments complete with new appliances and hardwood floors. A recently installed new roof ensures long-term structural integrity. The warehouse component, featuring two loading docks, is currently leased, providing consistent rental income. A vintage store, under lease for over nine years, adds to the property's stable revenue stream. Additional income is generated from a car dealer leasing office space and a portion of the side lot. The property's zoning is classified as "C," offering flexibility for future development. Building amenities include three-phase electric, cable TV, public restrooms, and ample storage. The property's APN is 012489 168.-1-43.1. Built in 1950, this two-story building offers a blend of established income and potential for future growth. The asking price is $1,500,000, translating to $109.91 per square foot. This property is ideal for investors seeking a diversified portfolio with strong rental income and significant upside potential.

    Property Features for 2530-2534 9W Rte

    General Information

    Property type
    Mixed-use properties
    Square Feet
    13,648 SF
    Lot Size
    83,635 SF

    Building Details

    Year Built
    1950
    Stories
    2
    Units
    8
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Ravena
    County
    Albany
    State
    New York
    Longitude
    -73.8167174
    Latitude
    42.4633509

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    Nearby Similar for Sale

    • $219,900
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      Two-Family Home Near Mosher Park

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      Prime Ravena location, 1.92 acres, high potential.
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      Ravena Mixed-Use Investment Opportunity

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    FAQs

    What type of property is this?
    Mixed-use property - High-return 8-unit property, 13,648 SF
    Where is this mixed-use property located?
    The property is located at 2530-2534 9W Rte Ravena, NY.
    What is the asking price?
    The asking price for this property is $1,500,000.
    Request Owner's contact information
    2530-2534 9W Rte Ravena, NY 12143
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    Ravena, NY 12143
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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
    2530-2534 9W Rte Ravena, NY 12143
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