1081 Route 55 Lagrangeville, NY 12540
- Retail space
- 1,225 SF
- 0.26 lot acres
Current Use by Public Records
- Retail space
Property Details for 1081 Route 55
- Year built
- 1932
- Lot size
- 0.26 lot acres
- Property size
- 1,225 SF
- Zone code
- TCB
- Property type
- Retail space
- APN
- 133400 6460-01-458981-0000
- APU
- 9223372036854775807
Description
This exceptional commercial property, located at 1081 Route 55 in Lagrangeville, NY, offers a unique investment opportunity. Spanning 1,225 square feet on a 0.26-acre lot, this three-story building is ideally situated in the heart of the town center. Currently operating as a multi-faceted business encompassing a hair salon, beauty studio, boutique, and formal wear shop, the property presents versatile options for a new owner. The building boasts a convenient private parking lot with at least nine spaces and a motorized handicap lift, ensuring accessibility for all. The layout is well-designed, with the top floor dedicated to dress fittings, the main floor serving as the salon, and the basement providing ample storage space. Each floor offers substantial square footage, maximizing operational efficiency. Previously a residential property, its conversion to commercial use opens a wide range of possibilities for future development and business ventures. The property is meticulously maintained and features recent upgrades, including a new central air conditioning system, a new hot water heater, and an updated bathroom. The seller is open to including the existing businesses in the sale, providing a turnkey operation for immediate revenue generation. This prime location and versatile space make this an exceptional opportunity for a savvy investor seeking a thriving commercial enterprise. The asking price is $700,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $260,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $380,000
- 6.5%
- $370,000
- 7%
- $340,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $375,000
- Geo Method
- $310,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $375,000
- Retail
- $330,000
- Mixed-Use
- $300,000
- Hospitality
- $335,000
- Educational
- $370,000
- Residential Income
- $355,000
- Energy
- $390,000
- Income-Based Land
- $330,000
- Food Service
- $285,000
Location Insight
- Map
- Local Demand
- City
- Lagrangeville
- County
- Dutchess
- State
- New York
- Longitude
- -73.8038
- Latitude
- 41.6727
- CBSA code
- 39100
- CBSA name
- POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY METROPOLITAN STATISTICAL AREA