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Investors seeking a value-add mixed-use property will find this asset at 529-533 Route 52 in Carmel, New York, a prime candidate for portfolio growth. The site presents a significant opportunity to capitalize on a current net operating income of $390,000 while implementing improvements to enhance long-term yield. Carmel serves as a key commercial hub within Putnam County, benefiting from its proximity to regional transit corridors and a consistent flow of local consumer traffic. The mixed-use configuration allows for diverse income streams, making it adaptable to various retail and professional office tenants. With its strategic positioning along a primary thoroughfare, this location maintains visibility and accessibility for businesses serving the broader Hudson Valley region. Prospective buyers can leverage the existing income profile to stabilize returns while executing a comprehensive repositioning strategy in a market characterized by stable demand for commercial space.
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