1081 Rte 55 Lagrangeville, NY 12540-5004
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2020Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
TCB · Lagrangeville, NYCosts & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.