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Property profile & analytics
FOR SALE
Investment properties

963 Kings Hwy Saugerties, NY 12477

4,448 SF 3.45 ac lot Built 1987
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US63-3051744
Property summary
AI-generated overview

This exceptional Saugerties property presents a unique investment opportunity encompassing a 7,372 square foot warehouse complex situated on a generous 3.45-acre lot. The property, located at 963 Kings Highway in Ulster County, NY, 12477, is zoned for commercial use and offers significant potential for various ventures. The complex comprises three distinct buildings. The first, a 2,000 square foot structure renovated in 2001, boasts a high-end professional kitchen, complete with pizza ovens, ideal for food service operations. The second building, constructed in 2015 and spanning 2,448 square feet, features an attractive bar and dining area, perfectly suited for restaurant or banquet use. Finally, a third building provides a 3-bedroom, 1-bathroom apartment currently generating below-market rental income at $1,125 per month. This versatile property, situated on a busy roadway, presents endless possibilities for entrepreneurs in the food and beverage industry or other commercial uses. The 1962 construction offers a solid foundation for future development or immediate occupancy. This is a must-see for investors seeking a high-return property with significant upside potential. The asking price is $949,900.

Property profile
Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 1987
Total area 4,448 SF
Lot 3.45 ac (150,282 SF)
Zoning code 06 - INDUSTRIAL
APN 514889 28.2-3-26.200
UPID US63-3051744
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
Current use
Occupant on record · Public records
  • The Stone Pony Catering Co. Take-out & Catering Catering Service
  • LibertyX Bitcoin ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$725k
Comparable Approach Comparable
$870k
Blend (final) Blend
$790k
Owner & transaction history
Meja INC · 1 yrs held
Meja INC
since 2024
5 recorded transactions
2024
Price N/A
2016
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
06 - INDUSTRIAL · Saugerties, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $835,000 +21.8%
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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