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553 Hosner Mountain Rd 7,596 SF 100% Leased Industrial Building Stormville, NY 12582 $875,000 ($115.19/SF)
Investment Highlights
- Located just off NY-52 less than 5mi to I-84, 15mi to I-684
- Large Rear Lot for Truck/Equipment Storage
- Value-Add Play w/ Minimal CapEx for Investors
- Two-story Warehouse w/ Office and Two Residences on 4ac
- Owner-Occupier Opportunity with In-place Income
Executive Summary
553-555 Hosner Mountain Road, Stormville is an owner-occupier or investment opportunity with a 2-story mixed-use building (ground floor warehouse, 2nd floor office and 1BR apartment) and a 2BR home on four acres located just off NY-52, less than 5mi to I-84. Currently all units are below-market rents, with Pro Forma NOI greater than $75,000. Warehouse/office is on a short-term lease and could vacate within 30 days, which presents an opportunity for a contractor (GC, HVAC, pest control, flooring, etc.) to occupy the entire warehouse and utilize the large gravel lot for outdoor storage. Property is zoned R-2, and warehouse/storage is a continued permitted use.
Property Facts
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Property Taxes
| Parcel Numbers | Improvements Assessment | $420,000 | |
| Land Assessment | $90,000 | Total Assessment | $510,000 |
Property Taxes
Parcel Numbers
Land Assessment
$90,000
Improvements Assessment
$420,000
Total Assessment
$510,000
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553 Hosner Mountain Rd
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