3189 State Rte 28 Shokan, NY 12481
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
02 - SINGLE RESIDENCE · Shokan, NYShokan. Always verify with local authorities before improvements.
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.