Mixed-Use Building in Salem
198 Main Street, Salem, NY 12865
New
- Added:
- May 22, 2026
- Days on Market:
- 1
- Last Refresh:
- May 22 at 7:06 pm
Property Features for 198 Main Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Mixed
- Parking
- 4
- Parking features
- Off Street
- Standard status
- Active
- APN
- 534800 209.9-1-33
- Size
- 4,520 SF
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3981
Utilities
- Sewer type
- Septic Tank
- Heating system
- Forced Air, Electric (Heating), Baseboard
- Water source
- Public
Building Details
- Floors in Building
- 2
- Building materials
- Wood Siding
- Roof type
- Rubber
Listing agent Scott P Varley License #30VA0727304 (518) 281-6808
Listing office KW Platform 382 Broadway, Latham, NY (518) 281-6808
Listing date May 22, 2026
MLS# 202617841
Copyright © 2026 Global MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Mixed‑use building in Salem village with income‑generating potential from four updated apartments currently producing $3,200/month.
- Two vacant commercial spaces offer additional income potential for owner‑operators or tenants.
- Recent capital improvements include new electric, windows, and roof replacements.
- Appliances and mechanicals have been methodically refreshed, including newer refrigerators, stoves, and hot water tanks.
- Strategic location at the crossroads of Saratoga Springs, Granville, Greenwich, and Manchester VT.
- Detached garage and barn provide additional storage and potential.
Overview
Located in the heart of Salem village, this mixed-use building features versatility. It includes four apartments, one 2-bedroom and three 1-bedroom units, situated above two vacant commercial spaces on the first floor. The apartments generate $3,200 per month in residential rental income, with potential upside from the retail spaces. The apartments are updated, functional, and consistently occupied. The 2-bedroom unit rents at $1,000 per month, the main floor 1-bedroom at $800 per month, and both third-floor units at $700 per month each. Appliances and mechanicals have been refreshed, with refrigerators and stoves replaced within the last 1-5 years across all units, and hot water tanks ranging from 1-5 years old. The commercial spaces feature a 2-year-old furnace. The apartments have separate electric heat. The building has seen capital improvements including new electric, windows, and roof replacements on both the main and lower sections. A detached garage and barn at the rear offer additional storage. The property is situated in a village that draws visitors year-round, near Saratoga Springs, Granville, Greenwich, and Manchester VT. The lot size is 0.15 acres and the property size is 4,520 square feet.
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Location Insight
- Map
- Local Demand
- City
- Salem
- County
- Washington
- State
- New York
- Longitude
- -73.327209
- Latitude
- 43.173044
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Mixed-use building with apartments and commercial spaces in Salem, NY.
Where is this mixed-use property located?
The property is located at 198 Main Street Salem, NY.
What is the asking price?
The asking price for this property is $249,777.
What are key features of this property?
This property features: Mixed‑use building in Salem village with income‑generating potential from four updated apartments currently producing $3,200/month.; Two vacant commercial spaces offer additional income potential for owner‑operators or tenants.; Recent capital improvements include new electric, windows, and roof replacements.
