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Property profile & analytics
OFF-MARKET
Investment properties

3189 State Rte 28 Shokan, NY 12481

2,334 SF 0.25 ac lot Built 1925
Individually Owned 26-yr Hold Free & Clear
Property ID
US63-2623088
Property summary
AI-generated overview

This exceptional commercial property, located at 3189 State Route 28 in Shokan, NY, presents a unique investment opportunity. Situated on a prominent corner lot at the intersection of Route 28 and Reservoir Rd, this 2,110 square foot retail building boasts a high-traffic location ideal for a variety of businesses. The property includes extensive parking, accommodating 15-20 vehicles, with spaces available on the front, rear, and side of the building. The main level is perfect for retail operations, while the second and third floors offer significant residential potential, providing a live-work opportunity. Separate electric meters for the first and second floors offer efficient utility management. Heating is provided by propane on the main level and electric on the upper floors, supplemented by central air conditioning on the main level. Abundant storage space is available throughout the building, further enhanced by a detached 12x28 storage structure. The 0.25-acre lot ensures ample space and accessibility. This property offers a compelling blend of commercial and residential uses, making it an attractive investment in a busy commercial area.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1925
Total area 2,334 SF
Lot 0.25 ac (10,890 SF)
Zoning code 02 - SINGLE RESIDENCE
APN 514000 46.5-4-32
UPID US63-2623088
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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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
DONNA SHARP
DONNA SHARP
Zoning & alternative use
02 - SINGLE RESIDENCE · Shokan, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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