336 State Route 29Greenwich, NY 12834

Property Details for 336 State Route 29

Year built

1994

Lot size

0.91 AC

Property size (Sq ft)

2,625 SF

Property type

Office properties

Property subtype

Office buildings

APN

532689 235.-2-5

APU

53268923525

Description

This exceptional mixed-use property, located at 336 State Route 29 Unit 336 in Greenwich, New York, presents a unique investment opportunity. Situated on a desirable 0.93-acre lot, the building offers significant potential for a variety of commercial and/or residential uses. The property's strategic location along State Route 29 ensures high visibility and accessibility, making it an ideal location for businesses seeking strong foot traffic and convenient access for customers. The substantial lot size provides ample space for expansion, parking, or outdoor amenities, adding to the property's overall value and versatility. The building's current configuration and potential for redevelopment offer a blank canvas for creative entrepreneurs and investors alike. This is a rare chance to acquire a well-positioned mixed-use property in a thriving community. The asking price of $425,000 reflects the property's significant potential and presents a compelling investment opportunity for those seeking a strong return on their investment. Further due diligence is encouraged to fully explore the possibilities this property offers. The property's size and location make it an attractive prospect for a wide range of commercial ventures, from retail spaces to professional offices, or a combination thereof. The ample land provides options for future development or expansion, catering to evolving business needs. Don't miss this chance to secure a prime piece of commercial real estate in Greenwich, NY.

• CAP approach

  CAP return

  Valuation

  6%

  $652,091

  6.5%

  $601,930

  7%

  $558,935

• Comparable approach

  Method

  Valuation

  Relative Method

  $345,288

  Geo Method

  $342,982

• Alternative Use

  Use

  Valuation

  Residential

  $746,393

  Hospitality

  $683,692

  Educational

  $568,824

  Medical

  $588,386

  Retail

  $884,837

Location Insight

City

Greenwich

County

Washington

State

New York

Latitude

43.0922

Longitude

-73.5446

CBSA code

24020

CBSA name

GLENS FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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