Property profile

23 Bingham Rd 31 Marlboro, NY 12542

OFF-MARKET
Refrigerated & Cold Storage
Property ID
US63-1945287
812 SF 28.4 ac lot Built 1960
Individually Owned Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Refrigerated & Cold Storage
Use group COLD STORAGE
Year built 1960
Total area 812 SF
Lot 28.4 ac (1,237,104 SF)
Zoning code RAG1
APN 513600 108.4-8-27
UPID US63-1945287

Cap rate & NOI

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

Location

23 Bingham Rd, Unit 31 Marlboro, NY 12542-6301
Marlboro metro Census 953900 KINGSTON, NY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$375k

Owner & transaction history

Zoning & alternative use

RAG1 · Marlboro, NY

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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