42 Old Schuylerville RdGreenwich, NY 12834

Property Details for 42 Old Schuylerville Rd

Year built

1900

Lot size

3.91 AC

Property size (Sq ft)

4,524 SF

Zone code

01 - NOT ZONED

Property type

Retail properties

Property subtype

Bars

APN

532689 227.-1-30

APU

532689227130

Description

This exceptional 3.91-acre mixed-use property located at 42 Old Schuylerville Rd, Unit 42, in Greenwich, NY, presents a compelling investment opportunity. The property's expansive acreage offers significant potential for a variety of development scenarios, catering to diverse business needs and future expansion. Its strategic location within Greenwich provides easy access to local amenities, transportation routes, and a thriving community. The existing structure, while not detailed in the provided information, sits on a substantial land parcel, allowing for considerable flexibility in terms of redevelopment or repurposing. The asking price of $499,900 reflects the significant value and potential inherent in this unique offering. Serious inquiries are encouraged to explore the possibilities and unlock the full potential of this remarkable property. Further due diligence is recommended to fully assess the property's current condition and zoning regulations. This is a rare chance to acquire a substantial mixed-use property in a desirable location, making it an ideal investment for both seasoned developers and astute investors seeking a promising venture. The property's size and location make it a truly exceptional opportunity in the Greenwich market.

• CAP approach

  CAP return

  Valuation

  6%

  $1,652,033

  6.5%

  $1,524,953

  7%

  $1,416,028

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,499,599

  Geo Method

  $1,489,587

• Alternative Use

  Use

  Valuation

  Residential

  $1,286,355

  Hospitality

  $1,178,294

  Educational

  $980,327

  Medical

  $1,014,042

  Retail

  $1,524,953

Location Insight

City

Greenwich

County

Washington

State

New York

Latitude

43.0996

Longitude

-73.57

CBSA code

24020

CBSA name

GLENS FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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