Property profile

1776 Route 212 Saugerties, NY 12477

FOR SALE
Commercial real estate
Property ID
US63-0957053
2,526 SF 1.12 ac lot Built 1960
Entity Owned 6-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional mixed-use property at 1776 Route 212, Saugerties, NY, presents a unique investment opportunity. Spanning 1.12 acres, the property boasts two contemporary buildings totaling 5,676 square feet. The first building, a 3,150 sq ft structure, currently houses a thriving tea haus featuring a spacious main area with 25' floor-to-ceiling windows, radiant heated concrete floors, a kitchenette, storage, and multiple intimate gathering spaces, including a fenced outdoor patio. A loft area offers additional workspace and a conference room. The second building, a newly renovated 2,526 sq ft space, is a multi-disciplinary production space with a fully equipped commercial gourmet kitchen and dining area, perfect for various events, cooking classes, or co-working. A rare cyclorama wall studio is ideal for video and photography projects. This building also includes an adjacent storage room. The property features a newly paved 20-space parking lot. Innovative features include a Pure Flow peat moss septic system, energy-efficient construction, and split-unit heating and cooling systems. Located on a highly traveled road between Woodstock and Saugerties, this property offers endless possibilities for investors and entrepreneurs. The current list price excludes the existing businesses

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1960
Total area 2,526 SF
Lot 1.12 ac (48,787 SF)
Zoning code 05 - COMMERCIAL
APN 514889 27.4-5-4.200
UPID US63-0957053

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1776 Route 212 Saugerties, NY 12477
Saugerties metro Census 950400 KINGSTON, NY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$715k
CAP Approach CAP
$410k
Comparable Approach Comparable
$494k
Blend (final) Blend
$730k

Owner & transaction history

since 2020
Last sale
$599,000
4 recorded transactions
2023
Price N/A
2020
$599,000
2011
$165,000
2010
$179,465

Zoning & alternative use

05 - COMMERCIAL · Saugerties, NY
Top alternative use upside
Auto repair, garage $475,000 +21.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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