Property profile

4029 Ny-5 Vernon, NY 13476

OFF-MARKET
Specialty properties
5,675 SF 12 ac lot
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Property summary

AI-generated overview

This exceptional 12-acre property in Vernon, New York, presents a unique investment opportunity. Located on State Route 5, the site boasts a versatile mixed-use configuration, combining a former fitness studio with a residential home. The asking price is $849,000, translating to $149.60 per square foot for the 5,675 square foot total building area. The commercial component, a former fitness studio, features 1.5 bathrooms, a sauna, an office, in-floor heating, and a sizable covered porch overlooking a pond. Its adaptable layout offers significant potential for various commercial ventures. The residential portion comprises a three-bedroom, two-bathroom home, providing comfortable living quarters or potential rental income. A detached garage adds further convenience. The property is zoned C-1, allowing for a range of commercial uses. This expansive parcel offers significant development potential, combining the benefits of a prime commercial location with the tranquility of a spacious residential setting. The property's location on a major state route ensures high visibility and accessibility. This is a rare opportunity to acquire a substantial mixed-use property with significant upside potential in a desirable New York location. The property's size and zoning provide flexibility for a variety of future uses.

Property profile

Verified
Property type Specialty properties
Total area 5,675 SF
Lot 12 ac (522,720 SF)

Cap rate & NOI

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

Location

4029 Ny-5 Vernon, NY 13476
Vernon 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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