3191 Route 9 2,900 SF 100% Leased Office Building Cold Spring, NY 10516 $795,000 ($274.14/SF) 9.31% Cap Rate
INVESTMENT HIGHLIGHTS
- Run a business plus have 2 rental incomes
- Owner/User plus rental income
- Investment Rent out 4 units
EXECUTIVE SUMMARY
MIXED USE PROPERTY: LOOKING FOR A PLACE TO RUN YOUR BUSINESS? PROPERTY WITH 2 SEPARATE OFFICES, 24 X 24 FINISHED GARAGE AND PARKING LOT -PLUS 2 RENTAL UNITS (1 BEDROOM APT & 2 BEDROOM W/DEN), USE OFFICES, GARAGE AND YARD FOR BUISNESS. OR RENT OUT ALL AS AN INVESTMENT PROPERTY OR LIVE HERE AND RUN YOUR COMPANY. MANY POSSIBILITIES!!!! TOTALLY RENOVATED 13YEARS AGO. 1 UNIT HAS 2BEDROOMS, DEN OPEN KITCHEN, LIVING ROOM, DINING ROOM, FULL BATH SGD TO PATIO. 2ND UNIT IS A ONE BEDROOM, EIK, LIVINGROOM, BATHROOM SGD TO PATIO. LIVE, RENT, RUN BUSINESS, RENT YARD......CAN MIX UP MANY WAYS, 3 ELECTRIC PANELS AND APPROXIMATELY 300' FRONTAGE ON ROUTE 9 WITH SIGNAGE EXPOSURE. MIN TO EVERYTHING: HIGHWAY, TRAIN STATION, STORES, RESTAURANTS AND RIVER FRONT.
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
2,900 SF
Building Class
C
Year Built/Renovated
1980/2012
Price
$795,000
Price Per SF
$274.14
Cap Rate
9.31%
NOI
$73,983
Percent Leased
100%
Building Height
1 Story
Typical Floor Size
2,900 SF
Building FAR
0.11
Lot Size
0.63 AC
Zoning
Mixed Use - Zoned Mix Use Hamlet on Route 9
Can rent out all units as investment
Owner/User Live and run your business
Live/Run Business/Rent
Parking
15 Spaces (5.17 Spaces per 1,000 SF Leased)
AMENITIES
- Air Conditioning
- Smoke Detector
PROPERTY TAXES
| Parcel Number | 372689-027-011-0001-021-000-0000 | Total Assessment | $191,800 (2023) |
| Land Assessment | $75,700 (2023) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $116,100 (2023) | Tax Year | 2024 |
