Building Details

Year Built 1910

Listing Agency: RE/MAX Benchmark Realty Group b***@gmail.com Show Phone

Listed By: George K Koudounas · License #30KO1024277 Show Phone

Source: Neilcharlesrealestate

Added: Oct 14 Changed: Oct 30 Last Checked: Oct 30 at 1:55AM

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Investment Insights

Based on property information with market context.

This 1,200-square-foot retail space at 280 Main Street A in Cornwall has a storefront window, step-free access, and a restroom. The main area measures 20 by 50 feet, with an additional small section at the rear. Its current setup is suited to yoga use, and the open configuration also allows for other retail or office arrangements.

The space is on Main Street in Cornwall, New York. Access beneath the floor from the basement allows changes to be made to the space. The property was built in 1910.

Key Highlights

• 1,200 square feet of retail space
• Main area measures 20' x 50', plus a small rear section
• Storefront window and step‑free, ADA‑compliant access

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$14,606

Suggested Prices Based on Cap Rates

Cap Rate 5%

$292,120 $292.1K

Cap Rate 7%

$208,657 $208.7K

Cap Rate 9%

$162,289 $162.3K

What to ask about pricing

Market Conditions

NOI Build-Up for 1,200 SF

Gross rent

$21.6K $18.00/SF

− Vacancy

−$734 −$0.61/SF

EGI

$20.9K $17.39/SF

− OpEx

−$6.3K −$5.22/SF

NOI

$14.6K $12.17/SF

Area

Orange County, NY

Vacancy

3.40%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$292,120

Cap Rate 7%

$208,657

Cap Rate 9%

$162,289

Alternative Uses

Best Use

Retail

$208.7K

$182.6K – $243.4K (±1% cap)

NOI $14,606 @ 7.0% cap · market cap 834.63%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$406.4K

$355.6K – $474.2K (±1% cap)

NOI $28,450 @ 7.0% cap · market cap 1,625.71%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Robert Alan Agency Insurance Agency Northern Garage Door ... Hardware & Home Improvement Hair Matters Ltd Hair Salon

Suggested Use

Top Pick Dental Office Real Estate Agency Auto Parts Store HVAC Service Building Supply Barber Shop

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

437

Businesses Nearby

7k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 100%

Dunkin' Donuts Dining

6,718 visits/mo 0.2 miles

Demographics for 12518, NY

5,622

Population

2,474

Households

2.3

Avg Household Size

43

Median Age

54%

College-Educated

96%

High-School Grad

8.0 sq mi

ZIP Area

703

Density / Sq Mi

$99,833

Median Household Income

$60,096

Median Earnings

$1,720

Median Rent

$358,200

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

Frequently Asked Questions

What type of property is this?

Retail space - A step-free storefront with an open layout, restroom, and rear area supports a range of retail and office configurations.

Where is this retail space located?

The property is located at 280 Main Street A Storefront Cornwall, NY.

What are key features of this property?

This property features: 1,200 square feet of retail space; Main area measures 20' x 50', plus a small rear section; Storefront window and step‑free, ADA‑compliant access