Property profile

3104 State Rte 208 Wallkill, NY 12589

OFF-MARKET
Office buildings
Property ID
US63-6206633
2,700 SF 0.17 ac lot Built 1920
Entity Owned 21-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional mixed-use property, situated in the heart of Wallkill Village at 3104 State Route 208, presents a unique investment opportunity. The 2,700 square foot building boasts a highly desirable location and has been owned by the same party for over two decades, making this its first time on the market in that period. Currently configured with office space on the lower level and two income-generating rental apartments upstairs, occupied by long-term tenants, this property offers immediate cash flow potential. The versatile layout allows for customization to suit a variety of business and residential needs. The building is serviced by municipal water, and municipal sewer lines are scheduled for imminent installation by the village. Adding to its appeal is a substantial storage building located at the rear of the property, providing ample additional space. The 0.17-acre lot offers convenient access and visibility. Oil-fueled heating is currently in place. A 48-hour notice is required for all showings. This is a rare chance to acquire a well-established, mixed-use property in a thriving village setting. Don't miss this chance to secure a valuable asset with significant upside potential.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1920
Total area 2,700 SF
Lot 0.17 ac (7,296 SF)
Zoning code SB
APN 515200 106.49-1-18
UPID US63-6206633

Cap rate & NOI

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

Location

3104 State Rte 208 Wallkill, NY 12589-4432
Wallkill metro Census 955400 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
$220k

Owner & transaction history

since 2004
3 recorded transactions
2004
$139,000
2004
Price N/A
1969
Price N/A

Zoning & alternative use

SB · Wallkill, 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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