Property profile

261 Ny-52 Carmel Hamlet, NY 10512

OFF-MARKET
Land
10.65 ac lot
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Property summary

AI-generated overview

This exceptional 10.65-acre commercial land parcel presents a remarkable investment opportunity in Carmel Hamlet, New York. Strategically located on Route 52 in Putnam County, this property boasts over 500 feet of road frontage, ensuring high visibility and accessibility. The site enjoys a prominent position with an estimated 11,614 Average Annual Daily Traffic (AADT) based on 2019 New York State Department of Transportation data. Its Commercial zoning allows for a wide range of permitted uses, including self-storage facilities, car washes, shopping centers, supermarkets, nursery schools, hotels and motels, funeral homes, restaurants, retail stores, office buildings, nursing homes, and automotive businesses. While some uses are permitted outright, others may require Planning Board approval. The property's size and location make it ideal for a variety of development projects, capitalizing on the high traffic volume and proximity to major retail establishments. The asking price is $2,500,000. The property's address is 261 NY-52, Carmel Hamlet, NY 10512. This prime location offers unparalleled potential for significant return on investment. Serious inquiries are encouraged.

Property profile

Verified
Property type Land
Lot 10.65 ac (463,914 SF)

Cap rate & NOI

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

Location

261 Ny-52 Carmel Hamlet, NY 10512
Carmel Hamlet metro
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Value estimations

Realmo proprietary · 4 methods
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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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