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    10 Wallace St Otisville, NY 10963

    Sponsored
    For Sale
    $799,000

    Profitable hardware store & buildings.

    Property size:
    9,696 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a profitable, established hardware store and accompanying buildings in the thriving village of Otisville, New York. The property encompasses a total of 9,696 square feet, distributed across two buildings. The main store, boasting 7,296 square feet, currently operates as Otisville Hardware, a successful business featuring franchises with True Value, Do it Best, and Benjamin Moore. An adjacent 2,400-square-foot metal-skinned warehouse provides ample storage and expansion potential. The property sits on a 0.231-acre lot and is zoned C-1. A significant advantage is the inclusion of a fully paid-for solar array installed on the roof, valued at $110,000, covering all electrical needs. The asking price for this turnkey operation is $799,000, or $199,750 per unit. Financial details are available upon request. The seller is open to a 1-2 year leaseback to facilitate a smooth transition. Note that inventory and existing franchises are not included in the sale. A separate, income-producing two-family residential property at 5 Wallace Street is available for purchase separately. This presents a rare opportunity for both business ownership and long-term real estate investment in a growing area of Orange County. The property's address is 10 Wallace Street, Otisville, NY 10963. The APN is 334401.104.000-0002-005.200/0000.

    Property Features for 10 Wallace St

    General Information

    Property type
    Individual retail properties
    Square Feet
    9,696 SF
    Class
    B

    Building Details

    Buildings
    2
    Stories
    1
    Units
    4

    HighLights

    • Established Otisville Hardware store in thriving village.
    • Two buildings totaling 9,696 square feet: 7,296 SF main store and 2,400 SF warehouse.
    • Highly profitable hardware store with True Value, Do it Best, and Benjamin Moore franchises.
    • New solar array included, covering all electrical needs.
    • Inventory not included in sale.
    Property Profile Location Intelligence

    Current Use by Public Records

    UPS Authorized Shipping ... Shipping And Mailing Service Otisville True Value ... Hardware Store

    Suggested Use

    Restaurant Nail Salon Building Supply Auto Repair Shop Pharmacy Auto Parts Store Bar & Pub Daycare Center Grocery Store Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Otisville
    County
    Orange
    State
    New York
    Longitude
    -74.5382265
    Latitude
    41.4740688

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Individual retail property - Profitable hardware store & buildings.
    Where is this individual retail property located?
    The property is located at 10 Wallace St Otisville, NY.
    What is the asking price?
    The asking price for this property is $799,000.
    What are key features of this property?
    This property features: Established Otisville Hardware store in thriving village.; Two buildings totaling 9,696 square feet: 7,296 SF main store and 2,400 SF warehouse.; Highly profitable hardware store with True Value, Do it Best, and Benjamin Moore franchises.
    Request Owner's contact information
    10 Wallace St Otisville, NY 10963
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    Otisville, NY 10963
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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
    10 Wallace St Otisville, NY 10963
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