149 Route 44 - Freestanding FOR SALE


Millerton, NY 12546
$565,000 USD
917-593-0109
149 Route 44, Millerton, NY for Sale
$565,000 USD
Freestanding - FOR SALE
1/15
null | Request Cap Rate

NEW


149 Route 44
Millerton, NY 12546


HIGHLIGHTS

  • Located within a commercial corridor currently experiencing record investment with walkable village access. Immediate ROI.

OVERVIEW

Neil Charles Real Estate is pleased to announce for sale New England Dry Cleaners, a cornerstone of the Millerton Community for 75 years, located at 149 Route 44, Millerton NY 12546. This third generation, family-owned, turn-key business is fully equipped and offers a rare opportunity to acquire a well-established operation with a loyal, long-standing customer base and a lot of opportunity for expansion. Prime location in a primary east-west corridor, providing high-visibility and easy accessibility, just moments from the NY-CT state line. This area is experiencing a good deal of investment due to the population growth since the pandemic. This offering is ideally suited for an entrepreneur seeking a stable, community-focused business with immediate cash flow and substantial long-term growth potential. EXECUTIVE SUMMARY • Acquisition of a dry-cleaning plant and prime commercial real estate in Millerton, NY • A 3-generation business with loyal customer base, poised for expansion with little competition • Assets included: real estate, dry cleaning machinery and brand equity • Positioned along Route 44, this property offers visibility, accessibility, and flexibility. • Structured to support multiple strategies: operate, reposition, or hold. • Located within a commercial corridor which is currently experiencing record investment with walkable village access. • Immediate ROI: eliminate lease risk and secure a long-term asset • Financial information for business available upon request OPTION 1 – DRY CLEANING BUSINESS & REAL ESTATE ($565,000) • Turnkey acquisition of business + real estate • Existing infrastructure & customer base • Immediate continuity • Immediate ROI with current business • Expansion opportunity – Alterations – Commercial wash & fold services – Pickup and delivery – Leveraging of local SEO & marketing • Business Financial Disclosures Available Upon Request DRY CLEANING COMPETTIVE LANDCAPE Distance from New England Dry Cleaners Northwest Cleaners - Distance 4.2 miles Thim’s Custom Cleaners - Distance 17.7 miles Laramee’s Cleaners - Distance 18.1 miles Eco Dry Cleaners - Distance 18.2 miles Litchfield Cleaners - Distance: 22.9 miles Golden Cleaners - Distance 24.7 miles Hyde Park Cleaners - Distance 25.1 miles Santoro Cleaners – Distance 28.5 miles Globe Cleaners - Distance 28.9 miles OPTION 2 - REAL ESTATE ONLY ($495,000) • Acquire property independently • Retail/service potential • Repositioning opportunity • Owner-user or investor • Long-term upside REAL ESTATE OVERVIEW • 2,034 SF main building • 440 SF secondary structure • 0.41 acres • Built 1964 / 1968 respectively • Parking for approximately 30 cars in parking lot and plenty of parking across the street • Commercial zoning LOCATION & POSITIONING • Located along Route 44 in Millerton’s primary commercial corridor. • Surrounded by retail, restaurants, banking, car dealer, gas station, car wash etc. • Walkable from village center. • Located in an affluent & growing demographic area with record investment currently INVESTMENT PERSPECTIVE • Operate • Reposition • Own & Occupy • Hold • Flexible structure allows alignment with buyer strategy. THE OPPORTUNITY OFFERS OPTIONS • This is not a single-use asset. • It allows a buyer to choose the path that aligns with their objectives.

FOR SALE DETAILS

PRICE

$565,000 USD

PRICE/SF

$278 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront Retail/Office, Showroom, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1964

SPRINKLERS

-

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.43 AC

LAND SF

18,731 SF

ZONING

BD-2

APN/PARCEL ID

133889-7271-00-658247-0000

ASK ABOUT THIS PROPERTY

Neil CharlesNeil Charles Real Estate. StMore Info
917-593-0109

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Neil CharlesNeil Charles Real Estate. StMore Info
917-593-0109

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.