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    Specialty properties

    4029 Ny-5, Vernon, NY 13476

    5,675 SF 12 ac lot
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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