151 Rte 28 Inlet, NY 13360
- Investment properties
- 1,300 SF
- 0.53 lot acres
Current Use by Public Records
- Investment properties
Property Details for 151 Rte 28
- Year built
- 1928
- Lot size
- 0.53 lot acres
- Property size
- 1,300 SF
- Zone code
- C3
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 202800 59.016-2-13.111
- APU
- 20280059016213111
Description
This unique mixed-use property in Inlet, NY, presents a fantastic investment opportunity. The main attraction is "The Caboose," a charming and profitable panini shop housed in a repurposed railroad caboose. The fully equipped kitchen is ready for immediate operation, boasting a successful track record. Outdoor seating options include covered and uncovered patios, plus a shared dining tent with a neighboring establishment. The business operates daily during peak summer months and four days a week during the shoulder seasons (spring and fall). Included in the sale is a spacious 1,561 square foot, three-bedroom, one-and-a-half-bathroom home situated on a 0.44-acre lot. This residence, currently utilized as a short-term rental, offers versatile potential as owner/manager housing or employee accommodation. The home features a bonus room and a screened-in porch, adding to its appeal and functionality. The property's prime location in Inlet, NY, ensures high visibility and consistent customer traffic, making this a truly exceptional turnkey business and residential package. The asking price is $584,500. This is a rare opportunity to acquire a thriving business and comfortable living space in a desirable Adirondack setting.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $215,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $255,000
- 6.5%
- $245,000
- 7%
- $240,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $265,000
- Geo Method
- $260,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $260,000
- Retail
- $230,000
- Mixed-Use
- $240,000
- Hospitality
- $210,000
- Educational
- $265,000
- Residential Income
- $245,000
- Energy
- $260,000
- Income-Based Land
- $255,000
- Food Service
- $235,000
Location Insight
- Map
- Local Demand
- City
- Inlet
- County
- Hamilton
- State
- New York
- Longitude
- -74.7934
- Latitude
- 43.7519