Income Property in Village
For Sale
$550,000
Pending
42 Orchard St, Walden, NY 12586
Income-generating property in very good condition with municipal parking nearby.
Property Size10,100 SF
Days on Market153
Property Features for 42 Orchard St
General Information
Standard status
Pending
Size
10,100 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$12,400
Building Details
Building Size
10,100 SF
Year Built
1965
Stories
2
Units
2
Listing Agency:
Howard Hanna Rand Realty
(845) 524-2040
Listed By:
Mark J Tierney
(845) 524-2040
Source:
Elliman
Added: Mar 10
Changed: Aug 8
Last Checked: Aug 8 at 6:18AM
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 is in very good condition and benefits from municipal parking located just 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 the attractive Village Square. Currently, a long-established and well-known music school occupies two levels of the building, 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 but separate leased cafe that operates for breakfast and lunch, paying $1500 per month in rent, plus their own utilities. Zoned as B-3, the property offers various options for use. Large municipal parking lots are located next door. This building could be suitable for offices, dental or medical practices, tutorial services, counseling centers, performing arts venues, or a museum. The current school may be willing to rent back the second floor.
Key Highlights
- Income‑generating property with two rental streams and tenants paying utilities.
- Prime location in Village Square, across from Village Hall, with municipal parking 100 feet away.
- Versatile B‑3 zoning allows for various uses: offices, medical, arts, etc.
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 in very good condition with municipal parking nearby.
Where is this school located?
The property is located at 42 Orchard St 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‑generating property with two rental streams and tenants paying utilities.; Prime location in Village Square, across from Village Hall, with municipal parking 100 feet away.; Versatile B‑3 zoning allows for various uses: offices, medical, arts, etc.
