269 Main St Highland Falls, NY 10928
- Investment properties
- 13,790 SF
- 0.23 lot acres
Current Use by Public Records
- Allen's Import Service / Auto Repair Shop
Property Details for 269 Main St
- Year built
- 1950
- Lot size
- 0.23 lot acres
- Property size
- 13,790 SF
- Zone code
- B-1
- Property type
- Investment properties
- Property subtype
- Retail residential properties
- APN
- 333601 104-3-11
- APU
- 333601104311
Description
This exceptional mixed-use property, located at 269-271 Main Street in Highland Falls, NY, presents a compelling investment opportunity. The 11,790 square foot building, constructed in 1950 and extensively renovated in 2023, sits on a 0.35-acre lot and is zoned B-1. Currently housing three credit-rated tenants—Chase Bank, First Command, and Allen's Import Service—this property offers a stable income stream. Allen's Import Service, a well-established vehicle repair business operating for over 35 years, is available for separate purchase. The property benefits from its strategic location, minutes from West Point Gate, the Palisades Parkway, Bear Mountain Bridge, and the New York State Thruway, ensuring high visibility and accessibility. All municipal utilities are connected. The asking price is $995,000. This single-story building offers a blend of office, retail, and vehicle repair spaces, making it a versatile and attractive investment. The modified lease structure provides flexibility, and the multi-tenant occupancy ensures consistent revenue generation. This is a rare opportunity to acquire a well-maintained, income-producing property in a desirable location with strong tenant occupancy.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $775,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $785,000
- 6.5%
- $745,000
- 7%
- $810,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $730,000
- Geo Method
- $755,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $905,000
- Retail
- $740,000
- Mixed-Use
- $790,000
- Hospitality
- $680,000
- Educational
- $840,000
- Residential Income
- $770,000
- Energy
- $750,000
- Income-Based Land
- $810,000
- Food Service
- $685,000
Location Insight
- Map
- Local Demand
- City
- Highland Falls
- County
- Orange
- State
- New York
- Longitude
- -73.9662
- Latitude
- 41.37
- CBSA code
- 39100
- CBSA name
- POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY METROPOLITAN STATISTICAL AREA