6100 Route 209Kerhonkson, NY 12446

Property Details for 6100 Route 209

Year built

1981

Lot size

0.87 AC

Property size (Sq ft)

1,892 SF

Zone code

B

Property type

Office properties

Property subtype

Office buildings

APN

514400 76.1-3-45

APU

514400761345

Description

This exceptional 2,100 square foot commercial property, located at 6100 Route 209 in Kerhonkson, NY, presents a unique investment opportunity. Previously a bank branch, the building boasts desirable features including drive-up windows, a secure vault, safety deposit boxes, and teller counters – all adaptable to a variety of uses. Imagine establishing your daycare center, insurance agency, restaurant, medical practice (doctor, dentist, or veterinarian), or law office in this well-situated location. The versatile floor plan includes an entry foyer, lobby, conference room, private office, and a break room. A full, unfinished basement with high ceilings offers significant expansion potential. The property also features a large paved parking lot ensuring ample space for clients and staff. Its prominent position on Route 209 guarantees excellent visibility and accessibility, making it an ideal location for attracting customers. The 0.87-acre lot provides ample space for outdoor activities or future expansion. This is an excellent business opportunity in a thriving area. The property is priced at $315,000.

• CAP approach

  CAP return

  Valuation

  6%

  $470,002

  6.5%

  $433,848

  7%

  $402,859

• Comparable approach

  Method

  Valuation

  Relative Method

  $248,870

  Geo Method

  $247,209

• Alternative Use

  Use

  Valuation

  Residential

  $537,972

  Hospitality

  $492,779

  Educational

  $409,986

  Medical

  $424,087

  Retail

  $637,757

Location Insight

City

Kerhonkson

County

Ulster

State

New York

Latitude

41.7834

Longitude

-74.286

CBSA code

28740

CBSA name

KINGSTON, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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