4925 Ny-17MNew Hampton, NY 10958

Property Details for 4925 Ny-17M

Year built

1850

Lot size

1.10 AC

Property size (Sq ft)

5,060 SF

Property type

Retail properties

Property subtype

Restaurants

Description

This exceptional value-add investment opportunity presents a unique blend of commercial and residential properties situated on a high-traffic stretch of State Route 17M, between Goshen and Middletown, New York. The property boasts a combined 5,060 square feet across two buildings, constructed in 1850, and situated on a 1.1-acre lot. The main structure houses a vacant restaurant/cafe space, ready for immediate lease-up or owner-operator use. Complementing the commercial space are two additional residential units, providing further income potential. The property is zoned MC2 and offers significant upside potential. With a current asking price of $699,000, a pro-forma NOI of $76,800, and a pro-forma cap rate of 10.99%, this property represents a compelling investment opportunity. The property's location on State Route 17M ensures high visibility and accessibility, with over 10,000 vehicles passing daily. The three units are currently vacant, allowing for immediate customization and lease negotiations. The property's two-story design and substantial lot size offer further expansion possibilities. This is a rare chance to acquire a multi-faceted property in a prime location with significant potential for increased profitability. The property's APN is 335600-009-000-0001-001.000-0000.

Location Insight

City

New Hampton

County

Orange

State

New York

Latitude

41.4077

Longitude

-74.4106

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