Mixed-Use Building with
For Sale
$639,900
1 Main Street, Walden, NY 12586
Three apartments provide residential space alongside the former pizzeria premises in Walden.
Property Size3,750 SF
Price / SF$170.64
Days on Market523
Property Features for 1 Main Street
General Information
Standard status
Active
Size
3,750 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$8,043
Building Details
Building Size
3,750 SF
Units
4
Listing Agency:
Keller Williams Realty
(845) 928-8000
Listed By:
Elsie Nunez · License #40AD1116292
(845) 591-0242
Source:
Croninreale
Added: May 19, 2025
Changed: Oct 23
Last Checked: Oct 23 at 9:50AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty
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Investment Insights
Based on property information with market context.
This mixed-use property combines former pizzeria space with three residential apartments. The building contains 3,750 square feet, with the restaurant equipment available by negotiation. The roof and hot water tank were replaced in 2020.
Located at 1 Main Street in Walden, the property brings commercial and residential components together within one building.
Located at 1 Main Street in Walden, the property brings commercial and residential components together within one building.
Key Highlights
- Former pizzeria space with three residential apartments
- 3,750‑square‑foot building
- Roof and hot water tank replaced in 2020
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,653
Cap Rate
5.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$653,060
$653.1K
Cap Rate 7%
$466,471
$466.5K
Cap Rate 9%
$362,811
$362.8K
Market Conditions
NOI Build-Up for 3,750 SF
Gross rent
$60.8K $16.20/SF
− Vacancy
−$8.5K −$2.27/SF
EGI
$52.2K $13.93/SF
− OpEx
−$19.6K −$5.22/SF
NOI
$32.7K $8.71/SF
Area
Orange County, NY
Vacancy
14.00%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$653,060
Cap Rate 7%
$466,471
Cap Rate 9%
$362,811
Alternative Uses
Best Use
Multifamily LT 5
$1.06M
$931.7K – $1.24M
NOI $74,536 @ 7.0% cap · market cap 11.65%
Second Best
Apartment 5plus
$1.00M
$876.8K – $1.17M
NOI $70,145 @ 7.0% cap · market cap 10.96%
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $88,906 @ 7.0% cap · market cap 13.89%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
430
Businesses Nearby
Explore this area
Business Placement
Demographics for 12586, NY
13,087
Population
4,711
Households
2.8
Avg Household Size
39
Median Age
27%
College-Educated
87%
High-School Grad
23.8 sq mi
ZIP Area
550
Density / Sq Mi
$94,107
Median Household Income
$47,188
Median Earnings
$1,576
Median Rent
$335,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three apartments provide residential space alongside the former pizzeria premises in Walden.
Where is this mixed-use property located?
The property is located at 1 Main Street Walden, NY.
What is the asking price?
The asking price for this property is $639,900.
What are key features of this property?
This property features: Former pizzeria space with three residential apartments; 3,750‑square‑foot building; Roof and hot water tank replaced in 2020
