5147 State Route 213Krumville, NY 12461

Property Details for 5147 State Route 213

Year built

1920

Lot size

0.79 AC

Property size (Sq ft)

3,352 SF

Zone code

01 - NOT ZONED

Property type

Showrooms

APN

514000 54.1-1-6

APU

51400054116

Description

This exceptional mixed-use property in Olivebridge, NY, presents a unique investment opportunity. Located at 5147 State Route 213, this 0.79-acre lot features a substantial building with a diverse layout. The ground floor encompasses 1,850 square feet of commercial space currently leased to the United States Postal Service, complete with a loading dock and ample parking. An additional 75-square-foot indoor utility room provides convenient storage. Upstairs, a beautifully renovated 1,150-square-foot, three-bedroom apartment offers comfortable living space. This apartment boasts a spacious 275-square-foot deck, access to the backyard, and over 500 square feet of easily accessible storage in the walk-up attic. The property also includes a large detached two-car garage with overhead doors, perfect for additional storage or workshop space. The property's location offers easy access to Kingston and the New York State Thruway, less than 20 minutes away. This property is ideal for owner-occupancy, combining residential comfort with a reliable income stream from the existing commercial tenant, or as a purely income-generating investment. The asking price is $485,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,224,052

  6.5%

  $1,129,895

  7%

  $1,049,188

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,111,109

  Geo Method

  $1,103,690

• Alternative Use

  Use

  Valuation

  Residential

  $953,108

  Hospitality

  $873,042

  Educational

  $726,361

  Medical

  $751,342

  Retail

  $1,129,895

Location Insight

City

Olivebridge

County

Ulster

State

New York

Latitude

41.928

Longitude

-74.2162

CBSA code

28740

CBSA name

KINGSTON, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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