Property profile

33 New Rd Hammond, NY 13646

OFF-MARKET
Commercial real estate
Built 1869
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Property summary

AI-generated overview

This exceptional property presents a unique investment opportunity on the St. Lawrence River in Hammond, NY. The stately home, locally known as Burke's Chippewa Lodge, sits on a generous 1.4-acre lot boasting 164 feet of prime river frontage and an additional 155 feet of road frontage. The sale includes the established cabin rental and docking business, providing immediate income potential. The property's location within the Hammond Central and Hammond Elementary school districts adds to its appeal. A significant feature is the inclusion of a two-bay garage equipped with a lift, offering ample storage and workspace. The property is being offered in "as is" condition, allowing for potential renovation and customization to suit the buyer's vision. This is a rare chance to acquire a substantial riverfront property with an existing business, offering both residential and commercial possibilities. The property's size, location, and existing business infrastructure make it an attractive proposition for a variety of buyers, from those seeking a private retreat to those interested in expanding an existing business portfolio. The established rental business provides a solid foundation for future growth and profitability. The property's "as is" condition allows for flexibility in terms of renovations and improvements. The inclusion of the two-bay garage with a lift adds significant value and utility.

Property profile

Verified
Property type Commercial real estate
Year built 1869

Cap rate & NOI

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

Location

33 New Rd Hammond, NY 13646
Hammond 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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