53587 State Highway 30Roxbury, NY 12474

Property Details for 53587 State Highway 30

Year built

1920

Lot size

0.10 AC

Property size (Sq ft)

3,876 SF

Zone code

HIST DIST

Property type

Investment properties

Property subtype

Live-work space

APN

124800 157.3-1-49.2

APU

12480015731492

Description

This exceptional multi-use property in the charming town of Roxbury, NY, presents a unique investment opportunity. Located at 53587 State Highway 30, this renovated 1898 building boasts a total of 2,760 square feet on a 0.1-acre lot. The ground floor features an inviting storefront, perfect for a variety of retail businesses such as a boutique, gallery, cafГ©, or office space. The possibilities are endless for an entrepreneur looking to establish a presence in this historic Catskills town. The property also includes two residential units. Upstairs, a three-bedroom apartment offers comfortable living space, currently used as a vacation rental (furnishings sold separately). This unit presents a potential for continued rental income or conversion to private living quarters. A separate one-bedroom apartment at the rear of the building, currently operating as a hair salon, provides additional living space or income potential. Inventory within the retail space is sold separately, offering a turnkey opportunity for a new business owner. This property is an ideal blend of commercial and residential space, perfect for an investor seeking a diversified portfolio or an individual looking for a unique blend of work and living space in a desirable location. The asking price for this piece of Catskills history is $535,000.

• CAP approach

  CAP return

  Valuation

  6%

  $962,858

  6.5%

  $888,792

  7%

  $825,307

• Comparable approach

  Method

  Valuation

  Relative Method

  $509,842

  Geo Method

  $506,438

• Alternative Use

  Use

  Valuation

  Residential

  $1,102,103

  Hospitality

  $1,009,520

  Educational

  $839,909

  Medical

  $868,795

  Retail

  $1,306,525

Location Insight

City

Roxbury

County

Delaware

State

New York

Latitude

42.2849

Longitude

-74.5648

Property Tax & Assessments

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