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Property profile & analytics
OFF-MARKET
Investment properties

3 Fair Ave Middletown, NY 10940-2405

1,528 SF 0.35 ac lot Built 1971
Entity Owned 8-yr Hold Free & Clear
Property ID
US63-3633697
Property summary
AI-generated overview

This exceptional commercial property, located at 3 Fair Ave in Middletown, NY, presents a remarkable investment opportunity. Boasting 2,443 square feet on a sizable 0.35-acre corner lot, this building offers ample parking and high visibility. Currently operating as a thriving hair, nail, and tanning salon, the property is in very good condition and meticulously maintained. The interior features an open, airy, and bright floor plan, including a welcoming reception area, a comfortable lounge, a spacious main cutting area with multiple workstations, a washroom, three tanning bed rooms, a dedicated nail area, and an additional cutting room with a separate bathroom. A lower level provides additional usable space, adding to the property's versatility. Its strategic location offers easy access to major transportation routes, including Route 17 and Route 84, as well as proximity to the train and bus stations, ensuring convenient commuting for both employees and clients. The property's adaptable layout makes it ideal for a variety of uses, including retail businesses, professional offices, or other professional service providers. This is a must-see property for discerning investors seeking a well-maintained, high-traffic location with significant potential. The asking price is $649,900.

Property profile
Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 1971
Total area 1,528 SF
Lot 0.35 ac (15,184 SF)
Zoning code HC
APN 335200 74-6-1
UPID US63-3633697
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
Current use
Occupant on record · Public records
  • Shear Perfection Salon Hair Salon
  • Shear Edge Hair Salon
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
3 Fair Avenue LLC · 8 yrs held
3 Fair Avenue LLC
since 2017
2 recorded transactions
2017
Price N/A
2006
$200,000
Zoning & alternative use
HC · Middletown, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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