13 Hammond StPort Jervis, NY 12771

Property Details for 13 Hammond St

Year built

1992

Lot size

0.59 AC

Property size (Sq ft)

3,203 SF

Zone code

CBD

Property type

Banks

APN

331300 13-6-4.1

APU

33130013641

Description

This exceptional 3,203 square foot single-tenant office building, located at 13 Hammond St in Port Jervis, NY, presents a unique investment opportunity. Built in 1992, this one-story brick building boasts a highly visible corner location in the heart of Port Jervis' vibrant downtown, offering easy access to public transportation, including the MTA train station, and the shopping district. The property features a well-designed parking lot with 26 spaces and a convenient drive-thru, making it suitable for a variety of businesses. Currently configured as a bank, the adaptable interior space is ideal for conversion into a professional office, medical facility, or even a fast-food establishment. The Central Business District zoning allows for diverse uses. Situated along I-84, with proximity to Pennsylvania and convenient access to NYC via train, Port Jervis is experiencing a resurgence as a weekend destination, attracting both city dwellers and outdoor enthusiasts. The area offers abundant recreational opportunities, including hiking, rafting, biking, and scenic motorcycle routes. This property's prime location and versatile space make it an excellent choice for businesses seeking a thriving and attractive location in a growing community. The building's prominent visibility and ample parking ensure high traffic and accessibility. This is a rare opportunity to acquire a well-maintained, strategically located commercial property in a revitalized downtown area. The zip code is 12771.

• CAP approach

  CAP return

  Valuation

  6%

  $1,169,642

  6.5%

  $1,079,670

  7%

  $1,002,550

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,061,719

  Geo Method

  $1,054,630

• Alternative Use

  Use

  Valuation

  Residential

  $910,742

  Hospitality

  $834,234

  Educational

  $694,073

  Medical

  $717,944

  Retail

  $1,079,670

Location Insight

City

Port Jervis

County

Orange

State

New York

Latitude

41.3745

Longitude

-74.6914

CBSA code

39100

CBSA name

POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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