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    OFF-MARKET
    Office Spaces

    4115-4125 Rte, Boiceville, NY 12412

    1.98 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional commercial property, located at 4115-4125 Route 28 in Boiceville, NY 12412, presents a lucrative investment opportunity. Situated on a 1.98-acre lot, this prime location boasts over 42,000 square feet of commercial space, strategically positioned at the gateway to the Catskills. The property includes a large commercial building (approximately 35,000 square feet) and four attached stores/service shops. Currently, the tenant mix includes a Post Office, restaurant, antique shop, and café/catering business, providing a stable income stream. The large commercial space, previously a lumber yard and salvage retail store, offers significant potential for lease or owner-occupancy, with a current asking rent of $4,500 per month. The property benefits from high visibility on Route 28, with a daily traffic count of 7,000 vehicles, ensuring year-round business from local residents, tourists, and skiers. Its proximity to a major grocery/shopping center and the local high school further enhances its appeal. The building is in excellent condition, featuring updated roofing, heating, and cooling systems, and municipal sewer access. The sale includes a 10-year non-compete agreement for a neighboring grocery business. At the asking price of $780,000, the capitalization rate is approximately 6%. Detailed financial information is available upon request. This is a rare opportunity to acquire a well-established, high-traffic commercial property in a rapidly growing area.

    Property profile
    Verified
    Property type Office Spaces
    Lot 1.98 ac (86,249 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
    AI Approach AI
    by Request
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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