5518 State Route 55Liberty, NY 12754

Property Details for 5518 State Route 55

Year built

1990

Lot size

0.67 AC

Property size (Sq ft)

2,520 SF

Zone code

C

Property type

Office buildings

APN

483601 117.-2-1

APU

48360111721

Description

This exceptional 2,520 square foot commercial building is situated on a highly visible, heavily trafficked corner lot in Liberty, NY. The property boasts 0.67 acres of land, including a large parking area accommodating 15 or more vehicles. The custom-designed structure currently features a layout suitable for a medical office, with six or more exam rooms (some with sinks), multiple reception areas, waiting rooms, and three restrooms. However, the flexible floor plan allows for a variety of uses, including but not limited to: daycare center, spa, personal care center, classrooms, art studio, consulting business, engineering firm, or real estate office. The building is zoned for commercial use and also permits mixed-use or residential applications, as detailed in the provided documentation. Existing features include oil-fired heating, security system, phone lines, internet access, and central air conditioning. The property's strategic location near Achieve Rehab & Nursing Facility, Ahava Medical Center, and various other businesses ensures high visibility and accessibility. This turnkey opportunity presents significant potential for immediate occupancy and diverse business ventures. The building's adaptable design and prime location make it an exceptional investment in a thriving commercial area. Don't miss this chance to own a versatile and well-equipped property in a sought-after Liberty, NY location.

• CAP approach

  CAP return

  Valuation

  6%

  $626,007

  6.5%

  $577,853

  7%

  $536,578

• Comparable approach

  Method

  Valuation

  Relative Method

  $331,476

  Geo Method

  $329,263

• Alternative Use

  Use

  Valuation

  Residential

  $716,537

  Hospitality

  $656,344

  Educational

  $546,071

  Medical

  $564,851

  Retail

  $849,443

Location Insight

City

Liberty

County

Sullivan

State

New York

Latitude

41.7947

Longitude

-74.7528

Property Tax & Assessments

FAQs

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