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107 Railroad Ave, Unit Middleburgh Middleburgh, NY 12122

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For Sale
$449,000

Income-producing mixed-use property with long-term tenants and established business.

Lot size:
0.04 Acres

Property Features for 107 Railroad Ave

General Information

Property type
Commercial
Standard status
Active
Lot size
0.04 Acres

Building Details

Year built
1920

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Listing Contact
Pearl Ruby Torres
Pearl Ruby Torres
Source: Elliman

Listing Agency: KELLER WILLIAMS REALTY HUDSON VALLEY NORTH Listing Agent: Pearl Ruby Torres

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Mixed-Use Building with Established Business

This 2,516 sq ft mixed-use building features three revenue-generating units with long-term tenants. One unit is a spacious 1,258 sq ft 2-bedroom apartment occupied by a reliable long-term tenant. The other two storefronts include a thriving, established wine & liquor store and a pet groomer. The wine & liquor store has been a strong community presence for more than 36 years. The business grosses over $525K annually, with over $100K in inventory. The sale includes the POS system, security cameras, and business name for a turnkey transition. The pet groomer is a loyal, long-term tenant who would like to stay. The property has a combined NOI of $69,751 and a 15.53% cap rate. Located in Middleburgh, NY, this property offers immediate cash flow.
Location Intelligence

Current Use by Public Records

Grocery and convenience stores

Map

City
Middleburgh
County
Schoharie
State
New York
Longitude
-74.3385
Latitude
42.5337

FAQs

What type of property is this?
Mixed-use property - Income-producing mixed-use property with long-term tenants and established business.
Where is this mixed-use property located?
The property is located at 107 Railroad Ave, Unit Middleburgh Middleburgh, NY.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: - High 15.53% Cap Rate and $69,751 Net Operating Income (NOI) for exceptional returns.; - Turnkey Value Village Wine & Liquor business included, grossing $525K+ annually with $100K+ inventory and 36+ years of community presence.; - Three revenue-generating units with long-term tenants in place, providing immediate cash flow.
More about this property
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