Property profile

3335 Ny-23A Palenville, NY 12463

OFF-MARKET
Retail properties & Spaces
9.3 ac lot Built 1950
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Property summary

AI-generated overview

This exceptional investment opportunity in Palenville, NY, presents five buildings situated on a sprawling 9.3-acre lot. Built in 1950, this mixed-use property offers a unique blend of hospitality, multifamily, and retail potential. The property's prime location, just 10 miles from both the New York State Thruway and the renowned Hunter Mountain trails, provides unparalleled access and convenience. The picturesque setting along the Kaaterskill Creek adds to its inherent charm and appeal. With over 10 acres of land, this property presents a wealth of possibilities for expansion and development. The asking price is $2,900,000. This is a rare chance to acquire a substantial property with significant upside potential in a desirable location. The existing structures offer immediate income generation, while the expansive land provides ample room for future growth and diversification. Don't miss this chance to own a piece of the beautiful Catskill region. The property's proximity to major transportation routes and popular recreational areas ensures strong demand and long-term value. This is an ideal investment for those seeking a high-return property with significant development potential. The spectacular views and water access further enhance the property's desirability and market value.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1950
Lot 9.3 ac (405,108 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

3335 Ny-23A Palenville, NY 12463
Palenville metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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