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Retail Property with Rental Income
For Sale
$499,000

42473 State Highway 28, Margaretville, NY 12455

Retail property with renovated apartment and additional land.

Property SizeContact for details
Lot Size0.47 Acres
Days on Market97

Property Features for 42473 State Highway 28

General Information

Standard status Active
Lot size 0.47 Acres
Property subtype Commercial
Listing Agency: COLDWELL BANKER EASTON PROP
Listed By: Alejandro Rosario
Source: Elliman
Added: May 8 Changed: Jul 10 Last Checked: Aug 12 at 9:28AM

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 COLDWELL BANKER EASTON PROP

Investment Insights

Based on property information with market context.

The property includes a retail space currently operating as a liquor store; the business is included in the sale, but the inventory is not. The property also features a renovated two-bedroom apartment on the second floor, which rents for $1,250 per month. The tenant is responsible for their own utilities. An adjacent lot of 0.47 acres is included and deeded separately, offering the potential to construct a single-family or two-family house. The location has a Walk Score of 48, indicating it is car-dependent, and a Bike Score of 16, meaning it is somewhat bikeable.

Key Highlights

  • Liquor store business included in sale.
  • Additional .47 acre lot included, deeded separately, buildable for single or two‑family house.
  • Renovated 2‑bedroom apartment with rental income of $1,250/month.

Property Analytics

Current Use

Grocery and convenience stores

Suggested Use

Top Pick Parking Lot & Garage Electrical Service Plumbing Service Garden Center (Bike/Boat/Book/etc) Store Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

123
Businesses Nearby
11k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 100%
Speedway Shops & Services
9,840 visits/mo 0.2 miles
Carquest Auto Parts # 8866 Shops & Services
1,481 visits/mo 0.4 miles

Demographics for 12455, NY

1,820
Population
1,697
Households
1.1
Avg Household Size
56
Median Age
27%
College-Educated
91%
High-School Grad
71.3 sq mi
ZIP Area
26
Density / Sq Mi
$74,271
Median Household Income
$34,531
Median Earnings
$1,297
Median Rent
$219,600
Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
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Frequently Asked Questions

What type of property is this?
Grocery and convenience store - Retail property with renovated apartment and additional land.
Where is this grocery and convenience store located?
The property is located at 42473 State Highway 28 Margaretville, NY.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Liquor store business included in sale.; Additional .47 acre lot included, deeded separately, buildable for single or two‑family house.; Renovated 2‑bedroom apartment with rental income of $1,250/month.
More about this property
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