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    OFF-MARKET
    Retail space

    1598 Columbia Tpke, Castleton, NY 12033-9548

    2,200 SF 7.42 ac lot Built 1954
    Individually Owned 26-yr Hold Absentee Owner Free & Clear
    Property ID
    US63-1519126
    Property summary
    AI-generated overview

    This exceptional 7.42-acre commercial land parcel presents a unique investment opportunity in Castleton-on-Hudson, NY. Located at 1598 Columbia Turnpike, this property boasts nearly 600 feet of road frontage, providing excellent visibility and accessibility for a wide range of commercial ventures. The zoning allows for commercial development, making it ideal for businesses seeking a prominent location. The property's convenient access to I-90/787 and other major highways ensures easy transportation and connectivity. While the property currently includes a 2200 square foot building, it is in need of significant rehabilitation or removal, offering flexibility for future development plans. Interestingly, the current lot is a result of combining two separate parcels in the 1990s; therefore, the possibility of subdividing the land into smaller, individual parcels exists. The asking price for this expansive commercial land is $390,000. Detailed documentation is available upon request, providing further insights into the property's potential and development possibilities. This is a rare opportunity to acquire a substantial commercial property in a highly desirable location with excellent infrastructure access. Don't miss out on this chance to build your business in a thriving community.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1954
    Total area 2,200 SF
    Lot 7.42 ac (323,215 SF)
    Zoning code HC
    APN 384489 178.-11-16.1
    UPID US63-1519126
    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
    EDMUND A NOVAK
    EDMUND A NOVAK
    Zoning & alternative use
    HC · Castleton, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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