Mixed-Use Building with Restaurant
For Sale
$874,999
33 Orange Avenue, Walden, NY 12586
The property combines commercial space with an upstairs two-bedroom apartment and an unfinished basement.
Property Size5,445 SF
Price / SF$160.70
Days on Market29
Property Features for 33 Orange Avenue
General Information
Standard status
Active
Size
5,445 SF
Class
B
Property subtype
Commercial
Zoning
I2
Site & Location
Highway Access
Yes
Road Access
Yes
Restaurant
Patio
Yes
Equipment Included
Yes
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$17,048
Building Details
Building Size
5,445 SF
Year Built
2004
Buildings
1
Stories
2
Units
2
Listing Agency:
Keller Williams Realty
(845) 928-8000
Listed By:
Richard Baxter · License #10401254733
(845) 494-4715
Source:
Croninreale
Added: Sep 26
Changed: Oct 23
Last Checked: Oct 23 at 5:24PM
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 Keller Williams Realty
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Investment Insights
Based on property information with market context.
This mixed-use building pairs a 3,465-square-foot ground-floor commercial area with a 1,980-square-foot apartment above. The commercial space most recently served as a restaurant and bar and includes select restaurant equipment and a small front-deck seating area. A full unfinished basement provides additional storage space. The apartment has two bedrooms and one full bathroom.
Located at 33 Orange Avenue in Walden, the property fronts State Route 208 and is among established businesses. The building was constructed in 2004 and is zoned I2.
Located at 33 Orange Avenue in Walden, the property fronts State Route 208 and is among established businesses. The building was constructed in 2004 and is zoned I2.
Key Highlights
- 3,465‑square‑foot commercial space with a recent restaurant and bar use
- 1,980‑square‑foot apartment with two bedrooms and one full bathroom
- Select restaurant equipment included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,412
Cap Rate
5.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$948,240
$948.2K
Cap Rate 7%
$677,314
$677.3K
Cap Rate 9%
$526,800
$526.8K
Market Conditions
NOI Build-Up for 5,445 SF
Gross rent
$88.2K $16.20/SF
− Vacancy
−$12.3K −$2.27/SF
EGI
$75.9K $13.93/SF
− OpEx
−$28.4K −$5.22/SF
NOI
$47.4K $8.71/SF
Area
Orange County, NY
Vacancy
14.00%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$948,240
Cap Rate 7%
$677,314
Cap Rate 9%
$526,800
Alternative Uses
Best Use
Mixed Use
$677.3K
$592.7K – $790.2K
NOI $47,412 @ 7.0% cap · market cap 5.42%
Second Best
Specialty Retail
$676.3K
$591.7K – $789.0K
NOI $47,339 @ 7.0% cap · market cap 5.41%
Theoretical Best
Office A
$1.84M
$1.61M – $2.15M
NOI $129,091 @ 7.0% cap · market cap 14.75%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
434
Businesses Nearby
19k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 67%
Dining 33%
Franco's Pizza
Dining
6,488 visits/mo
0.5 miles
Sunoco
Shops & Services
4,855 visits/mo
0.2 miles
Exxon
Shops & Services
4,644 visits/mo
0.2 miles
AutoZone
Shops & Services
3,512 visits/mo
0.5 miles
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
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The property combines commercial space with an upstairs two-bedroom apartment and an unfinished basement.
Where is this mixed-use property located?
The property is located at 33 Orange Avenue Walden, NY.
What is the asking price?
The asking price for this property is $874,999.
What are key features of this property?
This property features: 3,465‑square‑foot commercial space with a recent restaurant and bar use; 1,980‑square‑foot apartment with two bedrooms and one full bathroom; Select restaurant equipment included
