3392 State Route 97Barryville, NY 12719

Property Details for 3392 State Route 97

Year built

1945

Lot size

0.35 AC

Property size (Sq ft)

1,840 SF

Zone code

HC

Property type

Retail properties

Property subtype

Gas stations

APN

483400 28.-5-6

APU

4834002856

Description

This exceptional commercial property presents a rare investment opportunity in the thriving village of Barryville, NY. Situated on a highly trafficked section of State Route 97, this landmark establishment encompasses a combined gas station, bar & grill, and convenience store, offering a diverse revenue stream. The property boasts a substantial 1,840 square feet of building space situated on a 0.35-acre lot, providing ample room for operations and potential expansion. Its prime location within the heart of Barryville ensures high visibility and consistent customer traffic, capitalizing on the area's burgeoning growth. The property's established business model provides a solid foundation for immediate returns, while the potential for further development and modernization offers significant long-term growth opportunities. This is a turnkey operation ideal for an investor seeking a well-established business with strong potential for increased profitability. The asking price of $1,800,000 reflects the property's exceptional location, established business, and significant growth potential within a rapidly developing community. This is a unique chance to acquire a landmark commercial property in a prime location, offering both immediate income and substantial future upside. Don't miss this opportunity to secure a piece of Barryville's vibrant commercial landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $671,914

  6.5%

  $620,229

  7%

  $575,926

• Comparable approach

  Method

  Valuation

  Relative Method

  $609,917

  Geo Method

  $605,844

• Alternative Use

  Use

  Valuation

  Residential

  $523,186

  Hospitality

  $479,236

  Educational

  $398,718

  Medical

  $412,431

  Retail

  $620,229

Location Insight

City

Barryville

County

Sullivan

State

New York

Latitude

41.4786

Longitude

-74.9139

Property Tax & Assessments

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