126 James StPeekskill, NY 10566

Property Details for 126 James St

Lot size

0.40 AC

Property type

Investment properties

Property subtype

Retail residential properties

APN

551200 33.22-7-8

APU

551200332278

Description

This exceptional commercial property, located at 126 N James St in Peekskill, NY, presents a compelling investment opportunity. Situated on a 0.4-acre lot, the two-story building offers a substantial 25,868 square feet of space. Currently vacant, the property requires significant renovation, offering a blank canvas for redevelopment or owner-occupancy. Its strategic location in Peekskill's thriving commercial district provides unparalleled access to major transportation arteries and public transit, benefiting from high daily traffic counts averaging between 8,000 and 9,300 vehicles. The property's proximity to the Peekskill train station further enhances its appeal. Designated as a Federal Opportunity Zone, this C-2 zoned property offers considerable flexibility for a variety of commercial uses, including warehousing, distribution, and potential mixed-use development. This presents a unique chance for investors to capitalize on Peekskill's economic growth and for developers to create a significant commercial presence in a rapidly evolving market. The asking price is $1,498,000. Don't miss this chance to acquire a substantial property in a prime Peekskill location.

• CAP approach

  CAP return

  Valuation

  6%

  $3,939,743

  6.5%

  $3,636,686

  7%

  $3,376,922

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,533,506

  Geo Method

  $3,528,761

• Alternative Use

  Use

  Valuation

  Residential

  $3,636,686

  Hospitality

  $3,331,184

  Educational

  $2,771,506

  Medical

  $2,866,823

  Retail

  $4,311,232

Location Insight

City

Peekskill

County

Westchester

State

New York

Latitude

41.2927

Longitude

-73.9175

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

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.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].