55 Main Street
$1,495,000
—
4,560
4,560
$328
Description
Rare opportunity to acquire a core mixed-use property on the best block in Downtown New Paltz. Located immediately next door to the Main Street Bistro, 55 Main Street includes two leased ground floor commercial spaces and two 4BR apartments on the second floor. The first commercial space was beautifully renovated this year by Agave restaurant, and is under lease through May 2028. The second commercial space is leased through May 2027 to popular and established gift shop Heady Teddy's. Both commercial...Rare opportunity to acquire a core mixed-use property on the best block in Downtown New Paltz. Located immediately next door to the Main Street Bistro, 55 Main Street includes two leased ground floor commercial spaces and two 4BR apartments on the second floor. The first commercial space was beautifully renovated this year by Agave restaurant, and is under lease through May 2028. The second commercial space is leased through May 2027 to popular and established gift shop Heady Teddy's. Both commercial tenants have annual contracted increases in rent - 5 pct and 6 pct, respectively. All utilities, including electricity, heating oil, propane, and water/sewer are individually metered for each unit. Stabilized 9.3 cap rate! Low-risk high-occupancy property that is very well positioned for continued appreciation. Irreplaceable location in the heart of this thriving college town, right in the center of all of the action. Financials available upon request.
- Listed by Matthew Eyler • New Paltz PropertiesP: (845)-417-8300 C: (845)-417-8300 matteyler@yahoo.com
Amenities
- Ground Floor
LISTING UPDATED: 09/29/2024 06:17 PM
Property Details for 55 Main Street
Status | Active |
---|---|
MLS # | 20243986 |
Days on Market | 48 |
Taxes | $15,688 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Mixed Use |
MLS Type | Commercial Sale / Mixed Use |
Year Built | 1900 |
Lot Size | 0.11 AC / 4,791 SF |
County | Ulster County |
Building Information for 55 Main Street
Stories2Residences4Year Built1900Lot Size0.11 AC / 4,791 SF
Property Information for 55 Main Street
Schools near 55 Main Street
This home is within New Paltz Central School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 2 | |||
Public - | 3 to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Duzine School PublicPK to 2 | ||
Lenape Elementary School Public3 to 5 | ||
New Paltz Middle School Public6 to 8 | ||
New Paltz Senior High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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