2530-2534 9W RteRavena, NY 12143

For Sale
$1,500,000

High-return 8-unit property, 13,648 SF

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional mixed-use property in Ravena, NY, presents a compelling investment opportunity. Located at 2530-2534 9w Route, this 13,648 square foot building sits on a spacious 1.92-acre lot and boasts 200 parking spaces. The property features eight units, including five renovated apartments complete with new appliances and hardwood floors. A recently installed new roof ensures long-term structural integrity. The warehouse component, featuring two loading docks, is currently leased, providing consistent rental income. A vintage store, under lease for over nine years, adds to the property's stable revenue stream. Additional income is generated from a car dealer leasing office space and a portion of the side lot. The property's zoning is classified as "C," offering flexibility for future development. Building amenities include three-phase electric, cable TV, public restrooms, and ample storage. The property's APN is 012489 168.-1-43.1. Built in 1950, this two-story building offers a blend of established income and potential for future growth. The asking price is $1,500,000, translating to $109.91 per square foot. This property is ideal for investors seeking a diversified portfolio with strong rental income and significant upside potential.

Property Details for 2530-2534 9W Rte

Property type
Other mixed-use properties, Mixed-use properties
Square Feet
13,648 SF
Year Built
1950
Stories
2
Lot Size (sq. ft)
83,635 SF
Units
8

Location Insight

City
Ravena
County
Albany
State
New York
Latitude
42.4633509
Longitude
-73.8167174
2530-2534 9W Rte, Ravena, New York

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2530-2534 9W Rte
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