3452 State Route 97Barryville, NY 12719

Property Details for 3452 State Route 97

Year built

1990

Lot size

0.66 AC

Property size (Sq ft)

1,800 SF

Zone code

HC

Property type

Office properties

Property subtype

Office buildings

APN

483400 27.-8-16

APU

48340027816

Description

This exceptional 3,600 square foot medical/professional office building presents a unique opportunity in the thriving town of Barryville, NY, situated in the Sullivan Catskills. Boasting high visibility on State Route 97, a scenic byway, this property offers an established presence, having served as a medical practice for many years. The building features a spacious waiting room with a bathroom, a dedicated reception area, four exam rooms, and three large offices, each with its own bathroom. A significant advantage is the large, finished basement, currently equipped with commercial-grade exercise equipment, ideal for physical therapy or other specialized services. The basement also includes a staff lunchroom. The 0.66-acre lot provides ample space and parking. This turnkey operation is perfectly positioned to meet the community's current need for medical services, offering immediate potential for a new practice to establish itself in a location with a proven track record. The property's history of successful medical practice ensures a strong foundation for future success. This is a rare chance to acquire a well-equipped, established office building in a desirable location with high visibility and immediate potential for a thriving practice.

• CAP approach

  CAP return

  Valuation

  6%

  $447,148

  6.5%

  $412,752

  7%

  $383,270

• Comparable approach

  Method

  Valuation

  Relative Method

  $236,769

  Geo Method

  $235,188

• Alternative Use

  Use

  Valuation

  Residential

  $511,812

  Hospitality

  $468,817

  Educational

  $390,051

  Medical

  $403,465

  Retail

  $606,745

Location Insight

City

Barryville

County

Sullivan

State

New York

Latitude

41.479

Longitude

-74.9193

Property Tax & Assessments

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