88 Glasco Turnpike Glasco, NY 12432

$229,000
88 Glasco Turnpike, Glasco, NY 12432
Call 1-800-839-1363
20170267

Commercial Property for sale in Glasco, NY

for $229,000. This 2,450 square foot building was built in 1935 on a lot size of .21.

Property Information

  • $229,000
  • Commercial
  • 2,450 Square Feet
  • Taxes are $2,000
  • Mixed Use
  • Active
  • Lot size of .21
  • Built in 1935
  • Glasco, NY
  • Ulster County
  • MLS/Web ID is 20170267

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Description

Inventing opportunity When you do the math, you will realize that this property is a sure bet. This multi-use three unit investment property generates over $23, 000 a year. With the tenants paying the utilities, there is minimal owner expenses producing a cap rate of 9.4%. Long term lease with the United States Postal Service in the 400+ square foot commercial store front as well as a reasonable rent charge for the two story 1, 800 square foot, 3 bedroom house allows for continuous cash flow. The two story brick garage offers additional income potential with the 600 square foot one bedroom apartment plus an additional 170 square foot utility room. There is also storage for two cars in the garage. The garage apartment is currently vacant for easy show access and a potential owner occupy situation. The driveway allows access to the property from two separate streets making it easy for multiple cars to enter and exit the property safely. The large picturesque backyard allows private outdoor activities and enjoyment. Located in the Heart of Glasco close the majestic Hudson River, boat launch, hiking trails, and, Town Park. The number work so what are you waiting for?

Interior 6

Basement

  • Full Basement

Flooring

  • Concrete Floors
  • Vinyl Flooring
  • Wood Floors

Heating Source

  • Oil

Heating System

  • Baseboard

Sewer

  • City Sewer

Water Source

  • Community Water

Exterior 6

Construction

  • Frame
  • Masonry

Driveway

  • Driveway

Fence

  • Partial

Lot Description

  • Level/Flat

Parking

  • 1-20 Parking Spaces
  • Parking Lot

Road Frontage

  • County Road

Miscellaneous 1

Commercial

  • Display Window
  • Sign

Rental 1

Lease Terms

  • Vacant
  • Yearly

† Excluded Feature

Neighborhood & Schools

School District: SAUGERTIESCENTR
Elementary School: RICCARDI K-6

 See complete school information

Listed By

Listing Agent: Celeste Lukaszewski
Broker: Kingston - WEICHERT, REALTORS® - The Spiesman Group

88 Glasco Turnpike, Glasco, NY, 12432 is a Commercial Property for sale at $229,000 with 2,450 sqft and a lot size of .21. 88 Glasco Turnpike was built in 1935. The property's zip code is 12432 which is in Glasco, NY

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Pricing History

Date Price Price Change Description
4/29/2017 $229,000 -8.03 % Price Change
1/19/2017 $249,000 Listed Price

Market Pricing

Average % of sale price Median % of sale price
All listings in Glasco $240,825 5 % above $204,450 11 % below
Commerical listings in Glasco $229,000 0 % below $229,000 0 % below

Get the facts about Glasco, NY!

Population 2,102
Population Growth (since 2000) 16 %
Median Income $53,055
Median Age 39.97
Households w/ Children 27 %

Residential Dwellings

  • Owned 608
  • Vacant 57
  • Rented 287

Similar Listings

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