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    OFF-MARKET
    Commercial real estate

    69 Old Route 9W, Port Ewen, NY 12466

    Property ID
    US63-1780990
    Property summary
    AI-generated overview

    This exceptional 6+ acre property in Port Ewen, NY, presents a unique investment opportunity. Situated directly across from Downtown Kingston and boasting over 650 feet of Rondout Creek waterfront, this land offers unparalleled development potential. The property features a high plateau and extensive waterfront access, creating a versatile canvas for various projects. Zoned RG (Rondout Gateway), permitted uses include townhouses, multi-family dwellings, hotels, motels, resorts, restaurants, bars, breweries, and distilleries. Comprehensive due diligence has already been completed, including an updated survey, topographic map, drill logs with rock core evaluations, and a site plan for a condo development. The site benefits from readily available municipal water, sewer, and natural gas utilities. Existing infrastructure includes a man-made well and pump at the waterfront, along with electricity. This prime location combines recreational appeal with significant commercial development potential, making it an ideal investment for both short-term and long-term returns. Detailed documentation, including renderings, is available upon request. The asking price is $995,000. Don't miss this chance to acquire a truly remarkable waterfront property in a thriving area.

    Property profile
    Verified
    Property type Commercial real estate
    UPID US63-1780990
    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
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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