88 Plank Rd Balmville, NY 12550
- Grocery and convenience stores
- 53,395 SF
- 5.50 lot acres
Current Use by Public Records
- Green Garden / Chinese Restaurant
- Domino's Pizza / Pizza Restaurant / Pizza Takeout
- Ocean State Job Lot / Discount Store / Clothing Store
- V N Nails & Spa / Nail Salon
- Subway / Takeout Restaurant / Restaurant
Property Details for 88 Plank Rd
- Year built
- 1997
- Lot size
- 5.50 lot acres
- Property size
- 53,395 SF
- Zone code
- 4
- Property type
- Grocery and convenience stores
- APN
- 334600 77-2-2.1
- APU
- 33460077221
Description
This exceptional retail opportunity is located at 88 N Plank Rd in Balmville, New York, within Orange County. The property is a shopping center totaling 49,976 square feet, currently featuring one suite available for lease. This particular space offers 1,500 square feet of versatile retail space, ideal for a variety of businesses. The address is conveniently situated in the vibrant Balmville area, offering excellent visibility and accessibility for customers. The property's location within a larger shopping center provides potential for synergistic benefits and increased foot traffic. The building's overall size and single-suite vacancy suggest a well-established and potentially thriving retail environment. This presents a unique chance to establish or expand a business in a desirable location with existing infrastructure. The property is zoned for retail use and is ready for immediate occupancy. Interested parties are encouraged to inquire further to explore the possibilities this prime retail space offers. The zip code is 12550, and the property is situated at latitude 41.5279242 and longitude -74.0328706. This is a single-tenant space within a larger multi-tenant building.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $5,115,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $3,935,000
- 6.5%
- $3,890,000
- 7%
- $3,890,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $4,395,000
- Geo Method
- $4,280,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $4,920,000
- Retail
- $3,970,000
- Mixed-Use
- $5,185,000
- Hospitality
- $5,075,000
- Educational
- $3,940,000
- Residential Income
- $5,390,000
- Energy
- $4,220,000
- Income-Based Land
- $5,205,000
- Food Service
- $4,415,000
Location Insight
- Map
- Local Demand
- City
- Newburgh
- County
- Orange
- State
- New York
- Longitude
- -74.0331
- Latitude
- 41.5277
- CBSA code
- 39100
- CBSA name
- POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY METROPOLITAN STATISTICAL AREA
