3945 Us Highway 9WHighland, NY 12528

Property Details for 3945 Us Highway 9W

Year built

1980

Lot size

1.50 AC

Property size (Sq ft)

1,111 SF

Zone code

R1

Property type

Retail properties

Property subtype

Auto shops

APN

513200 95.4-1-18

APU

513200954118

Description

This exceptional 1,111 sq ft commercial property, situated on 1.5 acres of land in Highland, NY, presents a unique investment opportunity. Ideally located on US Highway 9W, it enjoys high visibility and convenient access, just minutes from the Mid-Hudson Bridge and nearby shopping centers. The building's zoning (HBD, R-1) allows for a variety of uses, including office space, bank, convenience store, and motor vehicle sales. Currently configured as a well-equipped auto repair shop with two bays, it includes valuable equipment such as Mohawk lifts, a 100-gallon shop air compressor, tire machine, and balancer, along with a waste oil heater. An office is also included within the existing structure. Adding to its appeal, the seller is offering the highly sought-after New York State Inspection Station License as part of the sale. Furthermore, the 1.5-acre lot has already received approval for the construction of a three-bedroom single-family home, presenting additional development potential. This property offers a rare blend of established commercial use and significant future development possibilities, making it an attractive investment for discerning buyers. Priced at $425,000, this is a motivated seller opportunity not to be missed.

• CAP approach

  CAP return

  Valuation

  6%

  $298,043

  6.5%

  $275,116

  7%

  $255,465

• Comparable approach

  Method

  Valuation

  Relative Method

  $366,308

  Geo Method

  $365,811

• Alternative Use

  Use

  Valuation

  Residential

  $232,071

  Hospitality

  $212,576

  Educational

  $176,860

  Medical

  $182,943

  Retail

  $275,116

Location Insight

City

Highland

County

Ulster

State

New York

Latitude

41.6751

Longitude

-73.9609

CBSA code

28740

CBSA name

KINGSTON, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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