Property profile

95 Central Ave Mechanicville, NY 12118

OFF-MARKET
Investment properties
Property ID
US63-4644209
10,054 SF 1.95 ac lot Built 1985
Individually Owned 17-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional mixed-use property, located at 95 N Central Ave Unit 95 in Mechanicville, NY, presents a compelling investment opportunity. Situated on a substantial 1.95-acre lot, the property offers significant potential for a variety of uses, given its flexible zoning and ample space. The building's current configuration and precise square footage are not currently specified, allowing for creative redevelopment or adaptive reuse to suit a wide range of business needs. The asking price of $450,000 reflects the significant land value and the potential for future income generation. The property's location in Mechanicville offers easy access to major transportation routes, providing convenient connectivity for both employees and customers. This is an ideal opportunity for an investor seeking a versatile property with substantial upside potential in a growing community. The expansive lot size allows for future expansion or the addition of complementary structures. Serious inquiries are encouraged to explore the possibilities this unique property offers. Further details regarding the building's current condition and zoning regulations are available upon request. Don't miss this chance to acquire a significant piece of Mechanicville real estate.

Property profile

Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 1985
Total area 10,054 SF
Lot 1.95 ac (84,942 SF)
Zoning code 02 - SINGLE RESIDENCE
APN 411000 262.53-1-62
UPID US63-4644209

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Auto Repair Shop
  • Mobile Phone Store Electronics & Wireless Store
  • Auto Repair Shop Motorcycle Shop

Location

95 Central Ave Mechanicville, NY 12118-1543
Mechanicville metro Census 62200 ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$682k
Blend (final) Blend
$295k

Owner & transaction history

since 2009
1 recorded transaction
2009
Price N/A

Zoning & alternative use

02 - SINGLE RESIDENCE · Mechanicville, NY
Top alternative use upside
Warehouse, storage $895,000 +11.8%

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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