Property profile

2430 Nys Rte 22 Essex, NY 12936

OFF-MARKET
Turn key restaurants
Property ID
US63-2839944
1,863 SF 0.6 ac lot Built 1950
Entity Owned 4-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional retail property, located at 2430 NYS Route 22, Unit 2430 in Essex, NY, presents a unique investment opportunity. Situated on a sizable 0.6-acre lot, this property offers significant potential for a variety of retail businesses. The building's precise square footage is currently unavailable, however, the generous lot size allows for ample space for expansion or outdoor amenities. The asking price is $100,000, representing a compelling entry point into the vibrant Essex market. The property's location on NYS Route 22 ensures high visibility and accessibility, attracting significant foot traffic and driving potential customer engagement. This prime location offers excellent exposure to both local residents and tourists, making it an ideal setting for a thriving retail enterprise. The property's potential is further enhanced by its strategic positioning within the Essex community, a region known for its strong local economy and attractive lifestyle. This presents a rare chance to acquire a well-situated retail space in a desirable location at an attractive price point. Serious inquiries are encouraged to explore this promising investment opportunity further. Detailed information regarding the building's interior and specifics are available upon request.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1950
Total area 1,863 SF
Lot 0.6 ac (26,136 SF)
Zoning code 07 - MIXED
APN 152600 40.3-3-2.000
UPID US63-2839944

Cap rate & NOI

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

Location

2430 Nys Rte 22 Essex, NY 12936
Essex metro Census 960700
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$100k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$65k

Owner & transaction history

since 2022
Last sale
$65,000
3 recorded transactions
2022
$65,000
2016
$32,500
2011
$50,000

Zoning & alternative use

07 - MIXED · Essex, 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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