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For Sale

$699,000

125 days on market

501 Route 52 Unit: 501 to 507

Carmel, NY 10512

· 8% down, 7% APR, 30yr fixed

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Beds

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Baths

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Square feet

1950

Built

Listing narrative

Description

Prime Mixed-Use Investment Opportunity – Route 52 Corridor. Exceptional opportunity to acquire a versatile mixed-use property featuring three commercial buildings, including one building with a one-bedroom residential apartment, situated on a highly visible parcel with approximately 200 feet of road frontage and public sewer service. Positioned along the rapidly growing Route 52 corridor. This property offers outstanding exposure to substantial daily traffic counts and is ideally located to benefit from the area's continued commercial and residential development. The site provides convenient access to I-84, surrounding business districts, and nearby town centers, making it attractive for both investors and owner-users. Formerly home to the well-known Lake Carmel Hardware Store, the property presents a wide range of possibilities for retail, service, office, contractor, storage, mixed-use, or redevelopment opportunities. One commercial space is available for lease, providing immediate income potential or flexibility for an owner-occupant. With multiple buildings, mixed-use functionality, and a strategic location in a growing commercial corridor, this property offers an exceptional opportunity with endless potential for income generation, expansion, and future appreciation.

Listing agent (MLS): Noor Dunn · Listing brokerage (MLS): Coldwell Banker Realty

Property Details

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Price

$699,000

Beds

Beds n/a

Type

Commercial

MLS subtype

Retail

Home Size

Sqft n/a

Baths

Baths n/a

Lot Size

0.57 acres

Year

1950

Status

For Sale

Days on Market

125

· 8% down, 7% APR, 30yr fixed
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Courtesy of Coldwell Banker Realty