23 Bingham Rd, Unit 31 Marlboro, NY 12542-6301
- Refrigerated & Cold Storages
- 812 SF
- 28.40 lot acres
Current Use by Public Records
- Refrigerated & Cold Storages
Property Details for 23 Bingham Rd
- Year built
- 1960
- Lot size
- 28.40 lot acres
- Property size
- 812 SF
- Zone code
- RAG1
- Property type
- Refrigerated & Cold Storages
- APN
- 513600 108.4-8-27
- APU
- 5136001084827
Description
This exceptional 113-acre orchard, located at 23 Bingham Rd, Marlborough, NY 12542, presents a unique investment opportunity in the Mid-Hudson Valley. The property, identified by APN 360010800400080270000000, boasts significant fruit production, yielding approximately 40,000 bushels annually, primarily apples, pears, and plums. The existing infrastructure includes a substantial 15,000 square foot packing and cold storage facility, complete with sorting and packing equipment, ensuring efficient post-harvest operations. Further enhancing the property's functionality is a 5,000 square foot workshop, providing ample space for maintenance and equipment storage. On-site employee housing is also included, addressing workforce needs. The property is zoned RAGl and offers a total building area ranging from 5,000 to 15,000 square feet. This turnkey operation is offered at an asking price of $2,750,000 and represents a rare chance to acquire a well-established and productive fruit farm in a desirable location. The property's substantial size and existing infrastructure provide significant potential for expansion and increased profitability. Serious inquiries only.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $375,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $460,000
- 6.5%
- $445,000
- 7%
- $465,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $470,000
- Geo Method
- $470,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $525,000
- Retail
- $480,000
- Mixed-Use
- $425,000
- Hospitality
- $510,000
- Educational
- $540,000
- Residential Income
- $435,000
- Energy
- $505,000
- Income-Based Land
- $395,000
- Food Service
- $450,000
Location Insight
- Map
- Local Demand
- City
- Marlboro
- County
- Ulster
- State
- New York
- Longitude
- -73.9891
- Latitude
- 41.5879
- CBSA code
- 28740
- CBSA name
- KINGSTON, NY METROPOLITAN STATISTICAL AREA