8 Route 32ASaugerties, NY 12477

Property Details for 8 Route 32A

Year built

1952

Lot size

0.12 AC

Property size (Sq ft)

2,376 SF

Zone code

05 - COMMERCIAL

Property type

Bars

Property subtype

Pubs

APN

514889 2.4-1-37

APU

51488924137

Description

This exceptional mixed-use property, located at 8 Route 32A in Saugerties, NY, presents a unique investment opportunity in the heart of the Catskills. The 1.22-acre parcel includes an adjacent property at 10 George Saile Rd, and both must be purchased together for a total price of $500,000. This strategic location at the intersection of two major roads ensures high year-round traffic volume, driven by the area's significant population growth and proximity to popular destinations such as Hunter and Windham mountains, various festivals, skiing resorts, golf courses, and numerous second homes. The property's versatility allows for a wide range of commercial uses, including retail, chain stores, gas stations, convenience stores, liquor stores, hardware stores, bars, restaurants, self-storage facilities, breweries, farm stands, and pharmacies. The substantial traffic flow and diverse potential uses make this a compelling investment prospect with significant upside potential. The combined properties offer a substantial footprint for development or expansion, catering to the thriving tourism and residential sectors of the Catskills region. This is a rare opportunity to acquire a significant commercial holding in a rapidly growing market.

• CAP approach

  CAP return

  Valuation

  6%

  $867,646

  6.5%

  $800,904

  7%

  $743,696

• Comparable approach

  Method

  Valuation

  Relative Method

  $787,588

  Geo Method

  $782,329

• Alternative Use

  Use

  Valuation

  Residential

  $675,592

  Hospitality

  $618,839

  Educational

  $514,867

  Medical

  $532,574

  Retail

  $800,904

Location Insight

City

Saugerties

County

Ulster

State

New York

Latitude

42.157

Longitude

-73.9972

CBSA code

28740

CBSA name

KINGSTON, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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