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1508-1510 Route 9W , 1508 - 1510

Marlboro, NY 12542
  • $2,275,000
  • STATUS: Active
  • ON SITE: 64 Days
  • MLS #: H6306306
$2,275,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1976
County:
Area:

School Ratings & Info

School District:

Description

New to the market: offer for sale are two buildings situated on two manicured acres of land located at 1508-1510 Route 9W in Marlboro, NY. The buildings feature 15,100 total gross square feet, which along with the property grounds have been meticulously maintained and recently upgraded. Over the past five years ownership has invested over $200,000 in capital improvements to building mechanicals, septic system, parking lot resurfacing, and external and internal renovations. The buildings are leased to a mix of office and residential tenants. The front #1508 Rte. 9W building has two second floor 1-bedroom/1-bath residential apartments that represent immediate and substantial upside rent potential. The ground floor has a thriving physical therapy practice and an Edward Jones franchise with a loyal customer base. The rear #1510 Rte. 9W building has a medical office suite with chiropractor, acupuncturist, and herbalist practitioners. A 1,500 sf (approx.) ground floor unit is ready for build-to-suit a range of potential tenants while a turn-key move-in condition second floor 4,200 SF (approx.) office suite is ready for immediate occupancy. The asset is ideally suited for the end-user/owner-operator who would install a business in any or all of the available units while enjoying income from in-place tenants, which exceeds $100,000 gross in-place rental income. Meantime, an investor will see a path towards achieving gross rents more than $285,000 and an NOI of $208,261 once the asset is fully leased and stabilized. There's no other property within 10 miles of this Hudson Valley Marlboro, NY gem that comes close to the quality and generational wealth- producing potential.

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© 2024 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty NYC Group. Data last updated: 2024-07-14T00:19:05.06.
www.padernachtrealestate.com/homes/150410639
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1508-1510 Route 9W , 1508 - 1510 Marlboro, NY 12542

  • Price: $2,275,000
  • Status: Active
  • On Site: 64 Days
  • MLS #: H6306306
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1976
Built
Neighborhood:
Marlboro
County:
Ulster
Area:
Marlboro
School District:
Marlboro
Property Description
New to the market: offer for sale are two buildings situated on two manicured acres of land located at 1508-1510 Route 9W in Marlboro, NY. The buildings feature 15,100 total gross square feet, which along with the property grounds have been meticulously maintained and recently upgraded. Over the past five years ownership has invested over $200,000 in capital improvements to building mechanicals, septic system, parking lot resurfacing, and external and internal renovations. The buildings are leased to a mix of office and residential tenants. The front #1508 Rte. 9W building has two second floor 1-bedroom/1-bath residential apartments that represent immediate and substantial upside rent potential. The ground floor has a thriving physical therapy practice and an Edward Jones franchise with a loyal customer base. The rear #1510 Rte. 9W building has a medical office suite with chiropractor, acupuncturist, and herbalist practitioners. A 1,500 sf (approx.) ground floor unit is ready for build-to-suit a range of potential tenants while a turn-key move-in condition second floor 4,200 SF (approx.) office suite is ready for immediate occupancy. The asset is ideally suited for the end-user/owner-operator who would install a business in any or all of the available units while enjoying income from in-place tenants, which exceeds $100,000 gross in-place rental income. Meantime, an investor will see a path towards achieving gross rents more than $285,000 and an NOI of $208,261 once the asset is fully leased and stabilized. There's no other property within 10 miles of this Hudson Valley Marlboro, NY gem that comes close to the quality and generational wealth- producing potential.
Exterior Features

Construction Materials BlockFrame

Interior Features

Cooling Central Air Cooling YN Yes Heating ElectricENERGY STAR Qualified Equipment Hot Water Electric Stand Alone

Property Features

Building Size 16808 Business Type Office Current Use Mixed UseOffice MLSArea Minor 99 Property Sub Type Office Sewer Septic Tank Tax Annual Amount 30132 Tax Annual Amount1 30132 Township Marlborough Water Source Well Zoning Description HD

Listing courtesy of John Quinn of Quinn Realty Group Inc: 845-883-7700
© 2024 OneKey MLS. All rights reserved.


© 2024 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty NYC Group. Data last updated: 2024-07-14T00:19:05.06.
 
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Keller Williams Realty NYC Group
2300 Eastchester Road
Bronx NY, 10469