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    Investment properties

    141 Pike St, Port Jervis, NY 12771-1807

    2,291 SF 0.1 ac lot Built 1920
    Entity Owned 1-yr Hold Free & Clear
    Property ID
    US63-0426138
    Property summary
    AI-generated overview

    This mixed-use building at 141 Pike Street in Port Jervis, New York, presents a compelling investment opportunity. The 3,371 square foot property, built in 1920, is a two-story, freestanding structure situated on a 0.09-acre lot in the CBD zoning district. Currently configured as a medical office on the first floor and a three-bedroom residential unit on the second, it offers significant flexibility. The first floor, previously owner-occupied, will be delivered vacant at closing, providing immediate adaptability for a new owner-user or investor. The second floor residential unit, previously used for short-term rentals, adds to the property's income potential. The building's location in downtown Port Jervis, near the Metro North Train Station, provides convenient access to transportation and benefits from the area's growing arts and culinary scene. With two units and a total of three bedrooms, this property offers a unique blend of commercial and residential space, ideal for a variety of uses. The asking price is $275,000, translating to $81.58 per square foot. This represents a strong value proposition in a vibrant and developing community. The property is zoned for mixed-use, allowing for a wide range of potential business ventures. This is a rare opportunity to acquire a versatile, well-located property in a thriving market.

    Property profile
    Verified
    Property type Investment properties
    Use group OFFICE/RESIDENTIAL (MIXED USE)
    Year built 1920
    Total area 2,291 SF
    Lot 0.1 ac (4,326 SF)
    Zoning code CBD
    APN 331300 13-1-15
    UPID US63-0426138
    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
    • Sujatha H Desilva PC Dental Office
    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
    Jjda Middletown LLC · 1 yrs held
    Jjda Middletown LLC
    since 2024
    Last sale
    $255,000
    1 recorded transaction
    2024
    $255,000
    Zoning & alternative use
    CBD · Port Jervis, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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