1836-1838 Route 44/55 - Warehouse FOR SALE


Modena, NY 12548
$5,500,000 USD
917-623-5760
1836-1838 Route 44/55, Modena, NY for Sale
$5,500,000 USD
Warehouse - FOR SALE
1/5
null | 3.91% Cap Rate

NEW


1836-1838 Route 44/55
Modena, NY 12548


HIGHLIGHTS

  • Entitled for 55 RV Camper Pads
  • Currently cash flowing with mixed use residential units and industrial storage
  • Seller Financing Available At Preferable Rates

OVERVIEW

LOW TOUCH DEVELOPMENT OPPORTUNITY Through thoughtful landscaping, light renovation of existing structures, and creative programming, this 20+ acre mixed-use property can be repositioned as a hospitality destination—a restful and inspiring road trip stop at the gateway to the Hudson Valley. With the right team and a simple brand story, this blank slate will become a reason to pull over, and maybe even stay the night. All while currently cash flowing with low vacancy and additional value-add opportunity. Seller financing available. Farmland: 20+ acres of land located on highly travelled Country Route 44 55 in Modena, NY. Entitlements: Approved for 55 RV camper pads. The Cooler: 39,000+ SF mixed use building, including 10 one-bedroom apartments, two refrigerated storage bays, 10 bay garage, plus ample industrial storage space with endless possibilities. Current storage tenants include an apple orchard, a trucking company and antique storage. Residences: All units separately metered for electric (tenants pay all utilities). 3 bedroom rental cabin. Huge upside potential through renovation and increased rents.

FOR SALE DETAILS

PRICE

$5,500,000 USD

PRICE/SF

$138 USD /SF

CAP RATE

3.91%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

The Farm Upstate

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1947

UTILITIES

Water - Well, Sewer - Septic Field, Heating - Electric

CLEAR CEILING HT

20 Ft

DOCKS

-

DRIVE INS

8

PARKING SPACES

30

LAND DETAILS

LAND ACRES

26.5

LAND SF

1,154,340

ZONING

RR1.5

APN/PARCEL ID

4200-101.002-0001-002.000-0000

ASK ABOUT THIS PROPERTY

Christopher FarberR New YorkMore Info
917-623-5760

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Christopher FarberR New YorkMore Info
917-623-5760

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