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Property profile & analytics
OFF-MARKET Estimated value $1,450,000
Banks

13 Hammond St Port Jervis, NY 12771

3,203 SF 0.59 ac lot Built 1992
Entity Owned 5-yr Hold ~ Est. High Equity
Property ID
US63-1918681
Property summary
AI-generated overview

This exceptional 3,203 square foot single-tenant office building, located at 13 Hammond St in Port Jervis, NY, presents a unique investment opportunity. Built in 1992, this one-story brick building boasts a highly visible corner location in the heart of Port Jervis' vibrant downtown, offering easy access to public transportation, including the MTA train station, and the shopping district. The property features a well-designed parking lot with 26 spaces and a convenient drive-thru, making it suitable for a variety of businesses. Currently configured as a bank, the adaptable interior space is ideal for conversion into a professional office, medical facility, or even a fast-food establishment. The Central Business District zoning allows for diverse uses. Situated along I-84, with proximity to Pennsylvania and convenient access to NYC via train, Port Jervis is experiencing a resurgence as a weekend destination, attracting both city dwellers and outdoor enthusiasts. The area offers abundant recreational opportunities, including hiking, rafting, biking, and scenic motorcycle routes. This property's prime location and versatile space make it an excellent choice for businesses seeking a thriving and attractive location in a growing community. The building's prominent visibility and ample parking ensure high traffic and accessibility. This is a rare opportunity to acquire a well-maintained, strategically located commercial property in a revitalized downtown area. The zip code is 12771.

Property profile
Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1992
Total area 3,203 SF
Lot 0.59 ac (25,700 SF)
Zoning code CBD
APN 331300 13-6-4.1
UPID US63-1918681
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
Current use
Occupant on record · Public records
  • Port Jervis Insurance Agency Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.48M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.45M
Owner & transaction history
13-29 Hammond Street LLC · 5 yrs held
13-29 Hammond Street LLC
since 2021
Last sale
$1.4M
3 recorded transactions
2021
Price N/A
2021
$1.4M
2009
Price N/A
Zoning & alternative use
CBD · Port Jervis, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

CBD Central Business District. (1) Purpose: to promote new business development in appropriate locations within the City and to foster the redevelopment of commercial properties within the district in a manner that will create a high quality public realm and streetscape and a mix of compatible uses in a variety of building types, reduce greenhouse gas emissi…

Zone name Central Business District
General category COMMERCIAL
Zone area 63.38 ac
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