Property profile

27-37 Park Ave Newport, NY 13406

OFF-MARKET
Industrial properties
27,770 SF 7.75 ac lot
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Property summary

AI-generated overview

This exceptional turnkey opportunity presents a well-established machine shop in Middleville, NY, encompassing four buildings totaling approximately 27,770 square feet on a 7.75-acre lot. The property includes a main building at 37 North Main Street (approximately 8,000 square feet), a rental building at 27 North Main Street (approximately 3,800 square feet), a cold storage building at 43 Park Avenue (approximately 4,000 square feet), and a manufacturing building at 47 Park Avenue (approximately 11,970 square feet). The asking price is $731,000. The sale includes all machinery and equipment, which comprises horizontal boring mills, vertical turret lathes, lathes, radial arm drills, milling machines, and other machinery. This established business, operating since 1959, has a history of serving multinational companies. The property's strategic location borders West Canada Creek and benefits from zoning that allows for diverse uses, including industrial, retail, and office spaces. This presents a rare chance to acquire a substantial industrial complex with existing operations and significant growth potential. The property is located at 27-37 N Main St & 43, 47 Park Ave, Middleville, NY 13406.

Property profile

Verified
Property type Industrial properties
Total area 27,770 SF
Lot 7.75 ac (337,590 SF)

Cap rate & NOI

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

Location

27-37 Park Ave Newport, NY 13406
Newport metro
Google Maps

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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