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    OFF-MARKET
    Office buildings

    3104 State Rte 208, Wallkill, NY 12589-4432

    2,700 SF 0.17 ac lot Built 1920
    Entity Owned 21-yr Hold ~ Est. High Equity
    Property ID
    US63-6206633
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Spinnaker Properties LLC · 21 yrs held
    Spinnaker Properties LLC
    since 2004
    3 recorded transactions
    2004
    $139,000
    2004
    1969
    Zoning & alternative use
    SB · Wallkill, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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