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    Property profile & analytics
    OFF-MARKET Estimated value $12,350,000
    Office buildings

    365 Rte 59th Ste 100-160, Airmont, NY 10952-3459

    42,193 SF 4.99 ac lot Built 2018
    Entity Owned 10-yr Hold Free & Clear
    Property ID
    US63-1950617
    Property summary
    AI-generated overview

    Exceptional investment opportunity in Airmont, NY, featuring a 1.78-acre parcel zoned and pre-approved for the construction of a 28,428 square foot commercial office building. This expansive site, located at 365 Route 59 Unit 100, presents a unique chance to develop a substantial commercial property. The existing zoning and pre-approvals significantly streamline the development process, minimizing potential delays and costs associated with obtaining necessary permits. The total land area offers ample space for the proposed building, along with potential for additional landscaping, parking, or future expansion. With a total buildable square footage of 28,428 square feet, this property is ideal for a large-scale office development, catering to a variety of business needs. The property's strategic location on Route 59 in Airmont ensures high visibility and convenient access for employees and clients. This is a rare opportunity to acquire a ready-to-build commercial site in a desirable location, offering significant potential for substantial return on investment. The asking price for this exceptional property is $3,000,000. The existing structure on the property has 63,472 square feet.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 2018
    Total area 42,193 SF
    Lot 4.99 ac (217,364 SF)
    Zoning code 05 - COMMERCIAL
    APN 392621 56.09-2-40
    UPID US63-1950617
    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
    • Global Pest Control Garden Center
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $12.35M
    Owner & transaction history
    365 Route 59 LLC · 10 yrs held
    365 Route 59 LLC
    since 2016
    7 recorded transactions
    2021
    2020
    2017
    2016
    2013
    $375,000
    1969
    1969
    Zoning & alternative use
    05 - COMMERCIAL · Airmont, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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