For Sale
$1,500,000

Rte Ravena, NY 12143

High-yield property with renovated apartments & warehouse.

Overview

Added:
Feb 3
Days on market:
78
This exceptional mixed-use property in Ravena, NY, presents a compelling investment opportunity. The 13,648 square foot building sits on a spacious 1.92-acre lot, offering ample parking for approximately 100 vehicles or more. The property boasts five fully renovated apartments, each featuring new appliances and hardwood floors. A significant advantage is the brand new roof, minimizing immediate maintenance concerns. Income generation is diversified across multiple tenants. A warehouse space is currently leased, equipped with convenient two-door loading docks. A vintage store occupies a portion of the building, enjoying a long-term lease exceeding nine years. Further income is derived from a car dealership leasing office space and utilizing a portion of the expansive side lot. The property's high occupancy rate and diverse tenant base contribute to a strong 4% cap rate, making it an attractive investment for those seeking stable returns. The substantial lot size and existing infrastructure provide potential for future expansion or redevelopment, adding to its long-term value. This property offers a rare blend of established income and significant growth potential in a desirable location. The combination of residential, commercial, and warehouse space makes this a truly unique and lucrative investment.

Property Details for Rte

Property type
Mixed-use properties
Square Feet
13,648 SF
Year Built
1950
Lot Size (sq. ft)
83,635 SF

Location Insight

City
Ravena
County
Albany
State
New York
Latitude
42.4772
Longitude
-73.828

FAQs

What type of property is this?
Mixed-use property - High-yield property with renovated apartments & warehouse.
Where is the mixed-use property located?
The property is located at Rte Ravena, NY.
What is the asking price?
The asking price for this property is $1,500,000.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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Rte
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