139 Highland AveOssining, NY 10562

Property Details for 139 Highland Ave

Lot size

0.13 AC

Property type

Other commercial real estate

Property subtype

Showrooms

APN

554203 89.15-4-14

APU

5542038915414

Description

This exceptional Ossining, NY property presents a unique investment opportunity. The building, located at 139 N Highland Ave, offers a vacant 850,000 USD first-floor retail space (formerly a custom cabinetry showroom/office) ready for immediate occupancy. The space boasts a convenient loading dock and garage, complemented by three outdoor parking spaces. The building's infrastructure includes gas heat (with separate boilers for each floor), central air conditioning in the showroom/office area, and window units in the apartment. Three-phase power is also available. A significant income stream is generated by a long-term tenant occupying the second-floor three-bedroom apartment, currently paying $2,500 per month. The apartment tenant is responsible for all utilities except water. This property is situated within Ossining's T-zoning district, offering diverse development possibilities. The combination of a vacant, adaptable retail space and a consistently income-producing apartment makes this a compelling investment prospect with strong potential for future growth and return. The property is being offered at 850,000 USD. The size of the lot is not specified.

• CAP approach

  CAP return

  Valuation

  6%

  $1,376,307

  6.5%

  $1,270,437

  7%

  $1,179,692

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,864,618

  Geo Method

  $1,864,618

• Alternative Use

  Use

  Valuation

  Residential

  $1,071,661

  Hospitality

  $981,636

  Educational

  $816,709

  Medical

  $844,797

  Retail

  $1,270,437

Location Insight

City

Ossining

County

Westchester

State

New York

Latitude

41.1675

Longitude

-73.8632

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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