2475 Ny-52 Pine Bush, NY 12566
- Retail properties
- 4,000 SF
- 10.20 lot acres
Current Use by Public Records
- Retail properties
Property Details for 2475 Ny-52
- Lot size
- 10.20 lot acres
- Property size
- 4,000 SF
- Property type
- Retail properties
- Property subtype
- Office Properties & Spaces
Description
This exceptional mixed-use property in Pine Bush, NY, presents a compelling investment opportunity. Located on 10.2 acres at 2475 NY-52, this property boasts a substantial 4,000 square foot building encompassing six units: five residential units (three two-bedroom, one one-bedroom, and one four-bedroom) and one commercial office space. Generating a strong NOI of $103,389 and a 7.38% cap rate, the property offers immediate cash flow. The property also includes a 100ft x 60ft concrete pad, previously used for a commercial garage, and ample land for future expansion. Zoned BP (Business Park), the property allows for a wide range of permitted and special permitted uses, including storage units, retail, offices (medical and general), restaurants, banking, auto sales, and more. Its convenient location near Route 52, local amenities, schools, and Interstate 86 enhances its appeal. The property's substantial size and versatile zoning create significant potential for future development and increased revenue streams. The asking price is $1,399,999. The Assessor's Parcel Number (APN) is 332600-006-000-0006-003.200-0000. This is a rare opportunity to acquire a multi-faceted property with immediate income and significant long-term growth potential in a desirable location.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Pine Bush
- County
- Orange
- State
- New York
- Longitude
- -74.2987
- Latitude
- 41.6073
