4925 Ny-17M New Hampton, NY 10958
- Retail properties
- 5,060 SF
- 1.10 lot acres
Current Use by Public Records
- Isalis / Gift Shop / Boutique
- Party City / Party Store / Balloon Store
- Skunk Funk / Clothing Store / Corporate Campus
- Carl's Trading Co / Hat Shop
- Bushka's Kitchen LLC / Outdoor Clothing And Equipment Shop
Property Details for 4925 Ny-17M
- Year built
- 1850
- Lot size
- 1.10 lot acres
- Property size
- 5,060 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional value-add investment opportunity presents a unique blend of commercial and residential properties situated on a high-traffic stretch of State Route 17M, between Goshen and Middletown, New York. The property boasts a combined 5,060 square feet across two buildings, constructed in 1850, and situated on a 1.1-acre lot. The main structure houses a vacant restaurant/cafe space, ready for immediate lease-up or owner-operator use. Complementing the commercial space are two additional residential units, providing further income potential. The property is zoned MC2 and offers significant upside potential. With a current asking price of $699,000, a pro-forma NOI of $76,800, and a pro-forma cap rate of 10.99%, this property represents a compelling investment opportunity. The property's location on State Route 17M ensures high visibility and accessibility, with over 10,000 vehicles passing daily. The three units are currently vacant, allowing for immediate customization and lease negotiations. The property's two-story design and substantial lot size offer further expansion possibilities. This is a rare chance to acquire a multi-faceted property in a prime location with significant potential for increased profitability. The property's APN is 335600-009-000-0001-001.000-0000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- New Hampton
- County
- Orange
- State
- New York
- Longitude
- -74.4106
- Latitude
- 41.4077
