Rte Ravena, NY 12143
This exceptional mixed-use property in Ravena, NY, presents a compelling investment opportunity. The 13,648 square foot building sits on a spacious 1.92-acre lot, offering ample parking for approximately 100 vehicles or more. The property boasts five fully renovated apartments, each featuring new appliances and hardwood floors. A significant advantage is the brand new roof, minimizing immediate maintenance concerns. Income generation is diversified across multiple tenants. A warehouse space is currently leased, equipped with convenient two-door loading docks. A vintage store occupies a portion of the building, enjoying a long-term lease exceeding nine years. Further income is derived from a car dealership leasing office space and utilizing a portion of the expansive side lot. The property's high occupancy rate and diverse tenant base contribute to a strong 4% cap rate, making it an attractive investment for those seeking stable returns. The substantial lot size and existing infrastructure provide potential for future expansion or redevelopment, adding to its long-term value. This property offers a rare blend of established income and significant growth potential in a desirable location. The combination of residential, commercial, and warehouse space makes this a truly unique and lucrative investment.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.