Income Property in Village
For Sale
$550,000
Pending
42 Orchard Street, Walden, NY 12586
Income-generating property with municipal parking and versatile B-3 zoning.
Property SizeContact for details
Days on Market530
Property Features for 42 Orchard Street
General Information
Standard status
Pending
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$12,400
Amenities
Central air
Corner Lot
Central Air Cooling
Electric Heating
Forced Air Heating
Natural Gas Heating
Parking Lot
Building Details
Year Built
1965
Listing Agency:
HOWARD HANNA RAND REALTY
(845) 744-2095
Listed By:
MARK J TIERNEY
Source:
Corcoran
Added: Feb 25, 2025
Changed: Aug 8
Last Checked: Aug 8 at 6:12AM
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 HOWARD HANNA RAND REALTY
Investment Insights
Based on property information with market context.
This income property, offered at $54 per square foot, is in very good condition and benefits from municipal parking located 100 feet away. The property generates income from two rents, with tenants responsible for their own utilities. It is a well-maintained centerpiece facility situated in Village Square. Currently, it houses a long-established music school on two levels, located across from the Village Hall. The first floor features a sprawling lobby that leads to 10 instruction rooms and a half bath. The second level includes a 65-seat performance area, a mini-cafe, two powder rooms, and seven larger instruction rooms. The building is equipped with two separate furnaces. Additionally, there is an attached, separately leased cafe that pays $1500 per month in rent, plus their own utilities. Zoned B-3, the property offers various options for use, including offices, dental or medical facilities, tutorial centers, counseling services, performing arts venues, or a museum. The school may be willing to rent back the second floor. Large municipal parking lots are located next door.
Key Highlights
- Income property generating 2 rents with tenants paying utilities.
- Attached, leased cafe provides $1500/month income.**
- Large municipal parking lots are located next door.
Property Analytics
Property Profile
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
School - Income-generating property with municipal parking and versatile B-3 zoning.
Where is this school located?
The property is located at 42 Orchard Street Walden, NY.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Income property generating 2 rents with tenants paying utilities.; Attached, leased cafe provides $1500/month income.**; Large municipal parking lots are located next door.
