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    OFF-MARKET
    Investment properties

    114 Park Ave, Mechanicville, NY 12118-2317

    3,274 SF 0.1 ac lot Built 1988
    Individually Owned 1-yr Hold Free & Clear
    Property ID
    US63-6078381
    Property summary
    AI-generated overview

    This exceptional Mechanicville commercial property presents a unique investment opportunity. Located at a high-traffic intersection (Park Avenue and North Central Avenue), approximately 16,000 vehicles pass daily, ensuring significant visibility for your business. The property boasts a total of 3,274 square feet, situated on a 4,356 square foot lot. The building features a recently installed roof and 3-phase power, eliminating immediate capital expenditure needs. A full basement provides ample storage or expansion potential. Currently configured as two units (1792 sq ft and 1482 sq ft), these spaces can be easily combined to create a larger, more versatile layout. The larger unit benefits from frontage on both Park and North Central Avenues, maximizing exposure. The smaller unit faces Park Avenue. The open floor plan offers flexibility for a wide range of commercial uses, providing a blank canvas for your vision. This prime location and versatile space make this an ideal investment for entrepreneurs seeking high visibility and significant growth potential in a thriving community. The asking price is $175,000. Don't miss this chance to establish your business in a high-demand area.

    Property profile
    Verified
    Property type Investment properties
    Use group OFFICE/RESIDENTIAL (MIXED USE)
    Year built 1988
    Total area 3,274 SF
    Lot 0.1 ac (4,356 SF)
    Zoning code 02 - SINGLE RESIDENCE
    APN 411000 262.61-2-25
    UPID US63-6078381
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Yinyan Zheng · 1 yrs held
    Yinyan Zheng
    since 2025
    Last sale
    $150,000
    5 recorded transactions
    2025
    $170,000
    2023
    $150,000
    2018
    $46,000
    2005
    $197,349
    2004
    $202,349
    Zoning & alternative use
    02 - SINGLE RESIDENCE · Mechanicville, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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