Ellenville Commercial Opportunity on Route
188 S Main St, Ellenville, NY 12428
2.6-acre commercial site with income and redevelopment potential.
Type:Commercial
Property size:
6,000 SFLot size:
2.60 AcresPrice / SF:
$158/SF- Added:
- May 9, 2026
- Days on Market:
- 20
- Last Refresh:
- May 9 at 3:01 am
Property Features for 188 S Main St
General Information
- Standard status
- Active
- Size
- 6,000 SF
- Lot size
- 2.60 Acres
- Property subtype
- Commercial
Listing agent Mary F. Sheeley License #10491209206 (845) 706-4334
Listing office Century 21 Stoeckeler RE (845) 706-4334
Listing date May 9, 2026
Source Elliman
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 Century 21 Stoeckeler RE
HighLights
- Prime commercial location at the southern gateway to Ellenville with high visibility and strong northbound traffic flow.
- 2.6 acre site with extensive frontage on US Route 209 and Country Club Road, featuring multiple access points.
- Zoned B3, supporting a wide range of commercial uses (retail, restaurant, offices, etc.).
- Currently improved with three commercial buildings (approx. 6,000 sq ft), two mobile homes, and an 11,000 sq ft pad, offering multiple income streams.
- Municipal water and sewer in place, simplifying redevelopment.
- Flexible site circulation and planning due to multiple access points and separate access for mobile homes.
Overview
This 2.6-acre commercial property, consisting of two parcels, is located at the southern gateway to the Village of Ellenville. The site benefits from high visibility along a key approach into the Village's commercial corridor, capturing northbound traffic flow from travelers on US Route 209. The property features frontage on both US Route 209 and Country Club Road, with two existing curb cuts on Route 209 and a separate access point from Country Club Road, facilitating ingress, egress, and site circulation. Currently, the property includes three commercial buildings totaling approximately 6,000 square feet, two mobile homes, and an 11,000 square foot pad, offering multiple income streams. The mobile homes have separate access off Country Club Road. Zoned B3, the property supports a range of commercial uses, including retail, restaurants, professional offices, medical, and personal service establishments. Municipal water and sewer are in place. The property can generate income while planning for future development, maintaining current improvements, or redeveloping the site to capitalize on its location, zoning, and acreage.
Financial Insights
Value Estimation Calculated for Specialty Retail
Conservative
$862.2K
NOI $77,598 @ 9.00% cap · cautious / downside scenario
Moderate
$1.11M
NOI $77,598 @ 7.00% cap · market / base-case scenario
Aggressive
$1.55M
NOI $77,598 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Specialty Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $108.0k | $18.00 |
| − Vacancy | −$4.5k | −$0.76 |
| EGI | $103.5k | $17.24 |
| − OpEx | −$25.9k | −$4.31 |
| NOI | $77.6k | $12.93 |
6,000 SF · lease $18.00/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Use Scenarios
Best Use
Specialty Retail
$1.11M
$970.0K – $1.29M
NOI $77,598 @ 7.0% cap · market cap 8.17%
Second Best
Retail
$1.02M
$893.0K – $1.19M
NOI $71,442 @ 7.0% cap · market cap 7.52%
Theoretical Best
Multifamily LT 5
$56.11M
$49.10M – $65.46M
NOI $3,927,741 @ 7.0% cap · market cap 413.45%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Nova Welding LLC
General Contractor
Location Insight
- Map
- Local Demand
- City
- Ellenville
- County
- Ulster
- State
- New York
- Longitude
- -74.402789
- Latitude
- 41.711503
Nearby Similar for Sale
FAQs
What type of property is this?
Commercial land - 2.6-acre commercial site with income and redevelopment potential.
Where is this commercial land located?
The property is located at 188 S Main St Ellenville, NY.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Prime commercial location at the southern gateway to Ellenville with high visibility and strong northbound traffic flow.; 2.6 acre site with extensive frontage on US Route 209 and Country Club Road, featuring multiple access points.; Zoned B3, supporting a wide range of commercial uses (retail, restaurant, offices, etc.).
