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    3 Main St Wassaic, NY 12592

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    Sponsored
    For Sale
    $750,000

    SINGLE_FAMILY - Wassaic, NY

    Type:Retail
    Property size:
    10,640 SF
    Lot size:
    0.57 Acres
    Days on Market:
    28
    Last Refresh:
    Mar 10 at 9:06 pm

    Property Features for 3 Main St

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Standard status
    Active
    Zoning
    HM
    APN
    132000-7165-01-087807-0000
    Parking features
    On Street
    Appliances
    Dishwasher, Oven, Refrigerator, Stainless Steel Appliance(s), Tankless Water Heater, Water Purifier Owned, Water Softener Owned
    Size
    10,640 SF
    Lot size
    0.57 Acres

    Utilities

    Utilities
    Propane
    Sewer type
    Septic Tank
    Heating system
    Radiant
    Water source
    Well
    Water front features
    Stream

    Building Details

    Year built
    1920
    Floors in Building
    2
    Flooring type
    Concrete, Wood
    Building materials
    Wood Siding

    We can help!

    Listing Contact
    Brian Mcgrath
    Brian Mcgrath

    McGrath Realty Inc (845) 855-5550

    Listing agent Brian McGrath (845) 721-0940

    Listing date Feb 10, 2026

    MLS# 903056

    Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Revitalized Barn in Wassaic Hamlet

    Located in Wassaic Hamlet on Main Street, this revitalized two-story barn, originally built in the 1920s, offers 10,640 square feet of space. The property, known as the Wassaic Commons, was renovated between 2017 and 2023, blending rustic elements with modern functionality. Zoned HM, the barn is suitable for various uses, including office space, retail, arts instruction, studios, workshops, or storage. The first floor (5,320 SF) includes a 1,200 SF area with an 800 SF market space and a 400 SF commercial kitchen, currently leased to Vitksy Bakery. An additional 3,600 SF of raw retail space is available, with potential for subdivision. A 520 SF section houses an office, two bathrooms, and mechanical systems. The second floor, also 5,320 SF, features 3,600 SF of raw space and 1,720 SF used for mechanical systems and storage. The loft features 20-foot ceilings and lighting inspired by constellations. The timbers have a charred finish for mold, mildew, and insect resistance. Upgrades include a new metal roof, drilled well, water and wastewater treatment systems, plumbing, and an on-demand gas-fired boiler. Mitsubishi mini-split heat pumps with ducted air handlers provide cooling. The electrical system was upgraded to 400 AMP service, with CAT 6 insulated cables. Custom cabinetry, paneling, and millwork are present throughout. The exterior was scraped and painted, with reclaimed planting areas, stream views, outdoor seating, and bicycle racks. A concrete sidewalk connects the barn to a 748 SF storage shed, which houses a 12 x 6 commercial-grade walk-in cooler and additional storage space. The property is located near the Wassaic Art Project, the Lantern Inn, Calsi's General Store, and the local post office, between Amenia, Millbrook, Millerton, Kent, Sharon, and Pawling. It is near the Wassaic Metro North Train Station and Route 22. The Harlem Valley Rail Trail starts at the barn.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Wassaic Commons Cafe & Coffee Shop Vitsky Bakery Bakery

    Suggested Use

    Restaurant Building Supply Big Box & Wholesale Store Auto Repair Shop Grocery & Convenience Store Bar & Pub Food Market Grocery & Convenience Store Bakery Farmer's Market

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wassaic
    County
    Dutchess
    State
    New York
    Longitude
    -73.559565
    Latitude
    41.803877

    Nearby Similar for Sale

    • $750,000

      Revitalized Barn in Wassaic Hamlet

      Historic 1920s barn transformed into a modern, versatile commercial space.
      3 Main St, Wassaic, NY 12592
      View Details

    FAQs

    What type of property is this?
    Retail space - Historic barn transformed into versatile commercial space in Wassaic.
    Where is this retail space located?
    The property is located at 3 Main St Wassaic, NY.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: - Meticulously revitalized 1920s barn (10,640 SF) transformed into a modern, versatile space.; - Prime location in the heart of Wassaic Hamlet, steps from key attractions and convenient to Metro North Train Station.; - First floor includes a leased 800 SF market space with a 400 SF commercial kitchen, plus 3,600 SF of raw retail space.
    (845) 721-0940
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3 Main St Wassaic, NY 12592
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    We can help!
    Listing Contact
    Brian Mcgrath
    Brian Mcgrath
    Real Estate License ID: REB.0791807
    (845) 721-0940 (845) 682-5475 (845) 855-5550
    Learn more
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