13410 State Route 12Boonville, NY 13309

Property Details for 13410 State Route 12

Year built

1950

Lot size

0.18 AC

Property size (Sq ft)

3,520 SF

Zone code

C2

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

302601 22.018-2-40

APU

30260122018240

Description

This exceptional mixed-use property in Boonville, NY, presents a lucrative investment opportunity. Located at 13410 State Route 12, this offering encompasses a fully occupied commercial plaza featuring five individual storefronts, generating consistent rental income. The property also includes a thriving, recently updated laundromat business, complete with all necessary equipment, contributing significantly to the overall revenue stream. This turnkey operation boasts new equipment, resulting in a substantial increase in profitability. Adding to the appeal is a detached four-bedroom single-family home, providing additional income potential through rental or owner occupancy, and a detached garage. The entire property sits on a 0.43-acre lot, offering ample space and potential for future development or expansion. With a total building area of 3,520 square feet, this property is priced at $450,000 and represents a rare chance to acquire a diversified, high-income-producing asset in a desirable location, offering easy access to the Adirondack Mountains. This is an ideal investment for those seeking passive income and a strong return on investment. The property's current occupancy and established businesses minimize risk and maximize immediate returns. The combination of commercial rental income, laundromat profits, and residential possibilities makes this a truly unique and compelling investment opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $1,084,284

  6.5%

  $1,000,878

  7%

  $929,386

• Comparable approach

  Method

  Valuation

  Relative Method

  $717,673

  Geo Method

  $712,881

• Alternative Use

  Use

  Valuation

  Residential

  $1,000,878

  Hospitality

  $916,798

  Educational

  $762,766

  Medical

  $788,998

  Retail

  $1,186,524

Location Insight

City

Boonville

County

Oneida

State

New York

Latitude

43.4845

Longitude

-75.3307

CBSA code

46540

CBSA name

UTICA-ROME, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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