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    OFF-MARKET
    Specialty properties

    61 Old Rte, Carmel Hamlet, NY 10512

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    Property summary
    AI-generated overview

    This exceptional Carmel Hamlet, NY property presents a remarkable investment opportunity. Priced at $759,000, this special-purpose property boasts a rich history, having served as a retail pool and spa service company for over 51 years. The main structure, approximately 5,196 square feet, features an expansive retail showroom adaptable to various uses, complemented by a full lower level currently utilized for storage. A noteworthy feature is the heated lower level's conveyor belt leading to the main floor. A separate, freestanding office building of approximately 415 square feet offers additional potential. This office sits on its own parcel. The property's strategic location provides unparalleled visibility with 207 feet of road frontage on Maple Avenue, 190 feet on Old Route 6, and 193 feet on the Empire State Bike Trailway, ensuring high traffic exposure from three sides. Ample parking is available in both upper and lower lots. The property includes two overhead garage doors, one with a loading dock, and several sheds. Its proximity to I-84 enhances accessibility. This unique property offers significant potential for a variety of commercial ventures.

    Property profile
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    Property type Specialty properties
    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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