43550 State Hwy 37 Redwood, NY 13679
This expansive 8,466 square foot commercial building presents a unique investment opportunity in Redwood, NY. Situated on a 1.49-acre lot along a busy state highway, this property boasts a rich history, having previously served as a car dealership, garage, deli, and store. Currently operating as a profitable storage facility for boats and vehicles, it offers immediate income potential. The building's layout is highly adaptable. The main floor comprises approximately 80 x 44 feet of storage space with 11-foot ceilings. A former deli area (24 x 44 feet) offers additional space for various uses. The storefront features original tin ceilings (50 x 44 feet). Upstairs, a large, versatile space (45 x 100 feet) with 12-foot ceilings (plus a 4-5 foot peak) overlooks Butterfield Lake, ideal for events or expansion. Public water, electric, and sewer are available, though not currently utilized. The roof has undergone patching but requires further attention
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
Property description
Physical attributes from public recordsZoning & alternative use
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.