Property profile

6061 Main St Tannersville, NY 12485

OFF-MARKET
Office buildings
Property ID
US63-1085281
2,688 SF 0.23 ac lot Built 1954
Entity Owned 19-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 5,600 sq ft, two-story building in Tannersville, NY, presents a unique investment opportunity. Located on a 0.25-acre lot at a prime Main Street corner, this fully renovated (2019) property boasts high visibility and ample on and off-street parking. The building, constructed in 1954, features a mix of commercial and residential spaces, perfect for a variety of uses. The main floor offers versatile space ideal for retail, a restaurant, or a cafe, complemented by an outdoor back deck with expansion potential. Upstairs, find fully renovated spaces with a kitchen and multiple bathrooms, suitable for additional retail, a cafe, or even residential units. The lower level includes a renovated office or living space with two bedrooms and one bathroom, perfect for staff housing or rental income. With its vaulted ceilings, exposed beams, hardwood floors, and brand new windows and doors, this property captures the quintessential Catskills charm. Its multi-use zoning allows for creative adaptation, potentially including a rooftop bar or restaurant with stunning views. Situated just minutes from Hunter Mountain and a 2.5-hour drive from New York City, this property benefits from the growing popularity of the Catskills region. The asking price is $1,100,000. Three keys are included.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1954
Total area 2,688 SF
Lot 0.23 ac (10,019 SF)
Zoning code 01 - NOT ZONED
APN 193603 182.05-2-1
UPID US63-1085281

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

6061 Main St Tannersville, NY 12485-7717
Tannersville metro Census 80404
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$300k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$245k

Owner & transaction history

since 2006
1 recorded transaction
2006
$275,000

Zoning & alternative use

01 - NOT ZONED · Tannersville, 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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