Current Use by Public Records
- Mixed-use properties
Property Details for Rd
- Year built
- 1998
- Lot size
- 5.29 lot acres
- Property type
- Mixed-use properties
Description
This exceptional mixed-use property in Margaretville, NY presents a unique investment opportunity. The 1,200 square foot building, constructed in 1998, sits on a generous 5.29-acre lot and includes a currently leased post office space. The lease agreement for the post office tenant expires July 1, 2028, with two five-year renewal options, each incorporating a 10% escalation clause. This provides a stable income stream for the foreseeable future. The building features a separate entrance and staircase leading to a 600-square-foot unfinished second floor, offering significant potential for expansion or customization to suit your needs. A new roof was installed in 2024, ensuring long-term structural integrity. Ample parking is available with a 4,000-square-foot paved area dedicated to the tenant. The property boasts a picturesque setting, with the Bataviakill Stream flowing through the land. The mostly flat, mowed meadow gently slopes towards the rear, providing ample space for recreational vehicles, tiny homes, or potential future construction. Enjoy breathtaking panoramic views and easy access to the amenities of Margaretville and Roxbury, along with nearby recreational opportunities such as hiking, fishing (directly on your property), skiing, and paddling in the nearby Pepacton Reservoir. Detailed financial information will be provided to qualified buyers upon request. This property offers a compelling blend of income generation and recreational enjoyment in a desirable location.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Margaretville
- County
- Delaware
- State
- New York
- Longitude
- -74.6533
- Latitude
- 42.1608
