Property profile

7584 State Route 97 Narrowsburg, NY 12764

OFF-MARKET
Commercial real estate
3.2 ac lot
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Property summary

AI-generated overview

This exceptional 3.2-acre property, encompassing three lots totaling over five acres, presents a unique development opportunity in the heart of the Catskill region. Located on State Route 97, between the charming towns of Narrowsburg and Cochecton, New York, this site boasts unparalleled access to the Delaware River and its recreational amenities, including rafting, kayaking, and fishing. The area is renowned for its vibrant atmosphere, featuring farmers' markets, trendy shops reminiscent of SoHo, and diverse dining options. The property's previous use as a ten-unit motel suggests significant potential for various ventures, from building cottages to establishing a thriving business. Its strategic location offers easy access to the George Washington Bridge, approximately two hours away, making it an attractive destination for both local and out-of-state visitors. This is a blank canvas for creative visionaries seeking to capitalize on the beauty and burgeoning tourism of the Catskills. The property's size and location provide ample space and flexibility for a wide range of development projects, subject to obtaining the necessary permits. Don't miss this chance to acquire a piece of the Catskills' vibrant landscape. This is a rare opportunity to create something truly special.

Property profile

Verified
Property type Commercial real estate
Lot 3.2 ac (139,392 SF)

Cap rate & NOI

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

Location

7584 State Route 97 Narrowsburg, NY 12764
Narrowsburg metro
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Value estimations

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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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