27 Reid StAmsterdam, NY 12010

Property Details for 27 Reid St

Year built

1970

Lot size

0.12 AC

Property size (Sq ft)

2,155 SF

Zone code

07 - MIXED

Property type

Investment properties

Property subtype

Live-work space

APN

270100 56.29-1-15

APU

2701005629115

Description

This exceptional investment opportunity presents a unique chance to acquire a 0.12-acre parcel of land located at 27 Reid Street in the vibrant city of Amsterdam, New York. Priced competitively at $135,000, this property offers significant potential for a variety of uses, making it an attractive prospect for both seasoned investors and first-time buyers. The property's size and location within Amsterdam provide excellent accessibility to local amenities, transportation routes, and a growing community. The absence of existing structures allows for complete design flexibility, enabling the development of a project tailored to specific needs and vision. This blank canvas presents a rare opportunity to create a bespoke development, whether it be residential, commercial, or a mixed-use project. The 0.12-acre lot provides ample space for a substantial build, while the strategic location ensures high visibility and potential for strong returns. Given the attractive price point and the potential for diverse development options, this property represents a compelling investment opportunity in a thriving New York community. Serious inquiries are encouraged to explore the possibilities and unlock the full potential of this unique Amsterdam property. Further due diligence is recommended to confirm zoning regulations and potential development restrictions. The property is sold as-is.

• CAP approach

  CAP return

  Valuation

  6%

  $535,335

  6.5%

  $494,156

  7%

  $458,859

• Comparable approach

  Method

  Valuation

  Relative Method

  $283,465

  Geo Method

  $281,572

• Alternative Use

  Use

  Valuation

  Residential

  $612,753

  Hospitality

  $561,279

  Educational

  $466,977

  Medical

  $483,037

  Retail

  $726,409

Location Insight

City

Amsterdam

County

Montgomery

State

New York

Latitude

42.9366

Longitude

-74.1808

CBSA code

11220

CBSA name

AMSTERDAM, NY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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