2624 Ny-40 Greenwich, NY 12834

Property Details for 2624 Ny-40

Property size

4,300 SF

Property type

Retail properties

Property subtype

Land

Description

This exceptional commercial property, located at 2624 NY-40 in Greenwich, New York, presents a unique investment opportunity. The 4,300 square foot retail space sits on a substantial 157,252 square foot lot (approximately 3.6 acres). Currently configured as a motel with ten units, the property boasts numerous recent improvements and demonstrates significant potential for increased revenue. The existing structure is exceptionally well-maintained and turnkey, offering immediate income generation. The expansive lot allows for diverse development options, including conversion to apartments, expansion of the existing business, or utilization as an AirBnB. The property includes a three-bedroom, three-bathroom ranch home with central air conditioning, a full basement, and a heated garage, providing convenient on-site living. Its strategic location offers easy access to key regional attractions, including the Saratoga Race Track (15 miles) and Lake George (30 miles), as well as Vermont (30 miles). The property's versatility and prime location make it an ideal investment for both established businesses and ambitious entrepreneurs seeking a high-return opportunity in a thriving market. The asking price is $875,000. This is a rare chance to acquire a substantial commercial property with significant upside potential in a desirable location. Don't miss this opportunity to secure a piece of Greenwich's vibrant commercial landscape.

Location Insight

City

Greenwich

County

Washington

State

New York

Longitude

-73.5178

Latitude

43.1117