For Sale
$2,395,000

73 Little York RdWarwick, NY 10990

Profitable Farm, Residential & Retail

Overview

Added:
Dec 11, 2024
Days on market:
117
Exceptional investment opportunity: The Scheuermann Farm and Garden Center, a renowned 5th-generation family-owned operation in Warwick, NY, presents a unique blend of agricultural, residential, and retail uses. This 31-acre property boasts 10,000 square feet of space across six buildings, including 10,000 square feet of greenhouses, multiple barns, a shop, and an updated main house. Currently operating at 100% occupancy with two tenants, the property generates a strong pro-forma NOI of $168,681, representing a 7.04% cap rate. The asking price is $2,395,000 ($239.50/sq ft). Eleven residential units are included. The property sits on 10 separate parcels of prime black dirt land, zoned AI Agricultural Industrial, offering significant expansion potential. Its strategic location near successful wineries and distilleries, coupled with breathtaking farm and mountain views, makes it an ideal location for various ventures, including a brew pub, distillery, or wedding venue. This multi-faceted property offers a rare combination of established income streams and significant upside potential for a savvy owner/user. The property includes a gift shop and benefits from its well-known reputation within the community.

Highlights

  • Exceptional investment opportunity: 31-acre Warwick, NY property with six buildings totaling 10,000 square feet, including greenhouses and barns.
  • Generates a strong NOI of $168,681, representing a 7.04% cap rate, with an asking price of $2,395,000 ($239.50/sq ft).
  • Includes eleven residential units and a gift shop, currently 100% occupied with two tenants.
  • Sits on ten parcels of prime black dirt land, zoned AI Agricultural Industrial, offering significant expansion potential.
  • Prime location near wineries and distilleries, with stunning views, ideal for various ventures.

Property Details for 73 Little York Rd

Property type
Retail properties, Mixed-use properties
Square Feet
10,000 SF
Class
B
Buildings
6
Lot Size (sq. ft)
1,350,360 SF
Units
11

Location Insight

City
Warwick
County
Orange
State
New York
Latitude
41.291923
Longitude
-74.4481
73 Little York Rd, Warwick, New York

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73 Little York Rd
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