10 Wallace St Otisville, NY 10963
- Investment properties
- 7,296 SF
- 0.17 lot acres
Current Use by Public Records
- UPS Authorized Shipping Provider / Shipping And Mailing Service / Mailing Service
- Otisville True Value Hardware / Hardware Store / Glass Cutting Service
Property Details for 10 Wallace St
- Year built
- 1990
- Lot size
- 0.17 lot acres
- Property size
- 7,296 SF
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 334401 104-2-5.22
- APU
- 3344011042522
Description
This exceptional commercial real estate opportunity in the thriving town of Otisville, NY, presents a unique chance to acquire a well-established and profitable business alongside its substantial real estate holdings. The core offering is a 7,296 square foot hardware store currently operating as Otisville Hardware, boasting established franchises with True Value, Do it Best, and Benjamin Moore. Note that inventory and franchise agreements are not included in the sale price of $799,000. Detailed financial records are available upon request for qualified buyers. A significant asset is the fully paid-for solar panel system installed on the roof, representing an investment of $110,000. Adjacent to the main store is a 2,400 square foot warehouse, providing ample storage and operational space. The seller is open to various transaction structures, including a potential 1-2 year leaseback or transitional period to facilitate a smooth handover. The property sits on a 0.23-acre lot. The building's heating system utilizes oil, and the floor load capacity is 14. While not included in this offering, a separate income-producing two-family residential property at 5 Wallace Street is available for purchase as an add-on. This presents a compelling opportunity for an entrepreneur seeking a turnkey business or a savvy investor looking for a strong long-term real estate investment in a growing market.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $300,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $330,000
- 6.5%
- $315,000
- 7%
- $355,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $340,000
- Geo Method
- $330,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $310,000
- Retail
- $350,000
- Mixed-Use
- $325,000
- Hospitality
- $390,000
- Educational
- $300,000
- Residential Income
- $380,000
- Energy
- $325,000
- Income-Based Land
- $370,000
- Food Service
- $400,000
Location Insight
- Map
- Local Demand
- City
- Otisville
- County
- Orange
- State
- New York
- Longitude
- -74.5381
- Latitude
- 41.4741
- CBSA code
- 39100
- CBSA name
- POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY METROPOLITAN STATISTICAL AREA
