Property profile

454 Hurley Ave Hurley, NY 12443

OFF-MARKET
Commercial real estate
Property ID
US63-0088491
3,510 SF 1.02 ac lot Built 1981
Individually Owned 4-yr Hold Free & Clear
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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

Location

454 Hurley Ave Hurley, NY 12443-5121
Hurley metro Census 951600 KINGSTON, NY METROPOLITAN STATISTICAL AREA
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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
$325k

Owner & transaction history

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

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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