Mixed-Use Building with Retail
New
For Sale
$249,777
198 Main Street, Salem, NY 12865
Commercial Sale, Salem, NY
Property Size4,520 SF
Lot Size0.15 Acres
Price / SF$55.26
Days on Market1
Property Features for 198 Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Mixed
Bathrooms
5
Full bathrooms
4
Rooms
Bathroom 4, Bathroom 2, Bathroom 1, Bathroom 3
Parking
4
Parking features
Off Street
Lot features
Level
Elementary school
Salem
High school
Salem
Elementary school district
Salem
Middle school district
Salem
High school district
Salem
Directions
From the intersection of Route 22 and Route 153 in Salem Village, head north on Main Street -- the property will be on your left.
Standard status
Active
APN
534800 209.9-1-33
Size
4,520 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Annual Amount
3981
Utilities
Sewer type
Septic Tank
Heating system
Electric (Heating), Forced Air, Baseboard
Water source
Public
Building Details
Floors in Building
2
Building materials
Wood Siding
Roof type
Rubber
Listing Agency:
KW Platform · Keller Williams Realty
(518) 281-6808
Listed By:
Scott P Varley · License #30VA0727304
(518) 281-6808
Added: Aug 25
Last Checked: Aug 25 at 2:06PM
MLS# 202624716
Copyright © 2026 Global MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 4,520-square-foot mixed-use building at 198 Main Street includes four residential apartments above two vacant commercial spaces. The apartment mix consists of one two-bedroom unit and three one-bedroom units. Residential interiors have been updated, with refrigerators and stoves replaced within the last 1–5 years and hot water tanks ranging from 1–5 years old. The commercial area has a 2-year-old furnace, while apartment heating is separately metered electric heat.
Capital work includes updated electrical service, replacement windows, and roof replacements on both the main and lower sections. A detached garage and barn provide additional on-site storage. The property occupies 0.15 acres in Salem, NY, with mixed zoning, off-street parking, public water, and septic service. The two commercial suites are vacant and available for showings; apartment access is limited to virtual tours, with tenant notice requirements applying.
Capital work includes updated electrical service, replacement windows, and roof replacements on both the main and lower sections. A detached garage and barn provide additional on-site storage. The property occupies 0.15 acres in Salem, NY, with mixed zoning, off-street parking, public water, and septic service. The two commercial suites are vacant and available for showings; apartment access is limited to virtual tours, with tenant notice requirements applying.
Key Highlights
- 4,520‑square‑foot mixed‑use building with four apartments and two vacant commercial spaces
- Residential unit mix includes one 2‑bedroom apartment and three 1‑bedroom apartments
- Major improvements include new electric, replacement windows, and roof work on main and lower sections
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
109
Businesses Nearby
Explore this area
Business Placement
Demographics for 12865, NY
3,394
Population
1,654
Households
2.1
Avg Household Size
47
Median Age
28%
College-Educated
90%
High-School Grad
72.3 sq mi
ZIP Area
47
Density / Sq Mi
$70,868
Median Household Income
$36,257
Median Earnings
$952
Median Rent
$170,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Village property combines occupied apartments with ground-floor commercial suites and separate rear storage buildings.
Where is this mixed-use property located?
The property is located at 198 Main Street Salem, NY.
What is the asking price?
The asking price for this property is $249,777.
What are key features of this property?
This property features: 4,520‑square‑foot mixed‑use building with four apartments and two vacant commercial spaces; Residential unit mix includes one 2‑bedroom apartment and three 1‑bedroom apartments; Major improvements include new electric, replacement windows, and roof work on main and lower sections
