5147 State Rte 213 Olivebridge, NY 12461-5623
This exceptional mixed-use property in Olivebridge, NY, presents a unique investment opportunity. Located at 5147 State Route 213, this 0.79-acre lot features a substantial building with a diverse layout. The ground floor encompasses 1,850 square feet of commercial space currently leased to the United States Postal Service, complete with a loading dock and ample parking. An additional 75-square-foot indoor utility room provides convenient storage. Upstairs, a beautifully renovated 1,150-square-foot, three-bedroom apartment offers comfortable living space. This apartment boasts a spacious 275-square-foot deck, access to the backyard, and over 500 square feet of easily accessible storage in the walk-up attic. The property also includes a large detached two-car garage with overhead doors, perfect for additional storage or workshop space. The property's location offers easy access to Kingston and the New York State Thruway, less than 20 minutes away. This property is ideal for owner-occupancy, combining residential comfort with a reliable income stream from the existing commercial tenant, or as a purely income-generating investment. The asking price is $485,000.
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
01 - NOT ZONED · Olivebridge, NYOlivebridge. Always verify with local authorities before improvements.
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.