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    OFF-MARKET
    Commercial real estate

    454 Hurley Ave, Hurley, NY 12443-5121

    3,510 SF 1.02 ac lot Built 1981
    Individually Owned 4-yr Hold Free & Clear
    Property ID
    US63-0088491
    Property summary
    AI-generated overview

    This exceptional 0.93-acre commercial lot, located at 454 Hurley Ave in Hurley, NY, presents a unique opportunity for entrepreneurs and developers. Boasting 205 feet of road frontage on Hurley Avenue, this highly visible property offers unparalleled exposure to significant traffic flow. Previously a Citgo gas station, the site has undergone complete environmental remediation, with all underground storage tanks removed and cleaned. The property is zoned OM, allowing for a wide range of commercial uses, including gas stations, heavy commercial operations, banks, retail establishments, cafes, fast-food restaurants, and multi-family dwellings – most uses are permitted by right, eliminating the need for special use permits. This presents a significant advantage over properties requiring extensive renovations or demolition. The lot's strategic location is further enhanced by its proximity to a major redevelopment project at the former high school, recently sold for approximately $3 million. This neighboring development will generate substantial traffic, creating a prime location for new businesses. The property allows for construction up to seven stories high, and includes a large existing sign ready for immediate branding. Annual property taxes are $8,500. An existing office trailer is situated on the property and will be removed upon sale. Two curb cuts are already in place, simplifying the development process. Don't miss this chance to establish your business in a thriving location for under a million dollars.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1981
    Total area 3,510 SF
    Lot 1.02 ac (44,431 SF)
    Zoning code 37
    APN 515400 48.17-1-41.100
    UPID US63-0088491
    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
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Mohammad M Waheed · 4 yrs held
    Mohammad M Waheed
    since 2021
    Last sale
    $25,000
    5 recorded transactions
    2021
    $25,000
    2012
    $450,000
    2010
    $425,000
    2006
    $825,000
    2005
    $750,000
    Zoning & alternative use
    37 · Hurley, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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