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    Specialty properties

    960/968 Parksville Rd, Parksville, NY 12758

    6,000 SF 2.42 ac lot Built 1990
    Property ID
    Property summary
    AI-generated overview

    This unique 6,000 square foot property, situated on 2.42 acres in Livingston Manor, NY (Sullivan County, zip code 12758), presents a compelling redevelopment opportunity. Currently vacant, this distressed asset includes a 23-room motel and a classic diner, both built in 1990 and situated on 960/968 Parksville Rd. The property boasts a recently upgraded septic system and is zoned C, allowing for various commercial uses. Its prime location offers access to the Little Beaver Kill Stream, a renowned fly-fishing destination, and proximity to the East Branch of the Delaware River. The existing infrastructure, including sewer and water upgrades, supports expansion potential, with plans including at least ten additional two-bedroom cabins. The asking price is $1,195,000, with seller financing available: 30% down, 70% interest-only at 6% for up to five years, with no fees or prepayment penalties. This property is ideal for an RV resort with amenities, capitalizing on its location and existing structures. The diner's established presence provides a strong foundation for additional revenue streams. The property's APN is 483689 5.-1-18.2. This is a redevelopment project with significant upside potential.

    Property profile
    Verified
    Property type Specialty properties
    Year built 1990
    Total area 6,000 SF
    Lot 2.42 ac (105,415 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
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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