Building Details

Building Size 7,028 SF

Year Built 1930

Listing Agency: Halter Associates Realty

Listed By: Peter Cantine · License #10401312264 Show Phone

Source: Gristmillrealestate

Added: Oct 9, 2025 Changed: Oct 14 Last Checked: Oct 24 at 11:00PM

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Investment Insights

Based on property information with market context.

This mixed-use property is located in the heart of Stone Ridge, NY, and features a retail park with a former meat company building, a two-story retail/office building, and a three-bedroom home. The 1.6-acre property includes a groomed, fenced outdoor common area with a pavilion and 28 parking spaces. The decommissioned meat company building is ready for its next retail use. The adjacent Picard Building offers additional retail space, a professional restaurant kitchen on the ground level, and four office suites on the second floor. A circa 1930 three-bedroom, one-bath house can serve as support space for commercial enterprises or as a residence. The property benefits from high visibility and high traffic count on Main Street, also known as US Highway 209. It is situated in an upscale enclave in the Hudson River Valley, between the Catskill Mountains and the Shawangunk Ridge, with access to natural beauty, outdoor recreational resources, arts, culture, and cuisine. The property size is 7028 square feet.

Key Highlights

• Prime 1.6‑acre property in the heart of Stone Ridge, NY, with high visibility and traffic count on Main St (US Highway 209).
• Includes a two‑story retail/office building, a 3‑bedroom house, and a groomed, fenced outdoor common area with a pavilion.
• Features 28 parking spaces.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$83,682

Cap Rate

5.23%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,673,640 $1.7M

Cap Rate 7%

$1,195,457 $1.2M

Cap Rate 9%

$929,800 $929.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 7,028 SF

Gross rent

$126.5K $18.00/SF

− Vacancy

−$7.0K −$0.99/SF

EGI

$119.5K $17.01/SF

− OpEx

−$35.9K −$5.10/SF

NOI

$83.7K $11.91/SF

Area

Ulster County, NY

Vacancy

5.50%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,673,640

Cap Rate 7%

$1,195,457

Cap Rate 9%

$929,800

Alternative Uses

Best Use

Retail

$1.20M

$1.05M – $1.39M (±1% cap)

NOI $83,682 @ 7.0% cap · market cap 5.23%

Second Best

Mixed Use

$1.06M

$929.0K – $1.24M (±1% cap)

NOI $74,321 @ 7.0% cap · market cap 4.65%

Theoretical Best

Multifamily LT 5

$65.72M

$57.51M – $76.68M (±1% cap)

NOI $4,600,693 @ 7.0% cap · market cap 287.54%

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

Property Analytics

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Current Use

Retail space

Suggested Use

Top Pick Auto Repair Shop Big Box & Wholesale Store Building Supply Grocery & Convenience Store Bakery HVAC Service

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

172

Businesses Nearby

19k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 84% Dining 8% Home Improvements & Furnishings 8%

Exxon Shops & Services

8,479 visits/mo 0.1 miles

Corner Store Shops & Services

3,967 visits/mo 0.1 miles

KeyBank Shops & Services

1,613 visits/mo 0.2 miles

Momiji Dining

1,504 visits/mo 0.2 miles

Marbletown Tru Value Hardware Home Improvements & Furnishings

1,492 visits/mo 0.1 miles

Demographics for 12484, NY

2,809

Population

1,479

Households

1.9

Avg Household Size

51

Median Age

63%

College-Educated

98%

High-School Grad

23.7 sq mi

ZIP Area

119

Density / Sq Mi

$116,023

Median Household Income

$51,958

Median Earnings

$1,367

Median Rent

$441,500

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

Similar For Sale Nearby

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Retail Center With Pavilion

36033611 3603-3611 Main St, Stone Ridge, NY 12484

$1,600,000

7,028 SF

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Mixed-Use Property with Studio Space

3588 Main Street, Stone Ridge, NY 12484

$1,200,000

6,240 SF

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Historic Boutique Hotel with Development Potential

3805 Main St, Stone Ridge, NY 12484

Contact for pricing

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Mixed-use property with retail, office, residential, and land.

Where is this mixed-use property located?

The property is located at 3603-3611 Main Street Stone Ridge, NY.

What is the asking price?

The asking price for this property is $1,600,000.

What are key features of this property?

This property features: Prime 1.6‑acre property in the heart of Stone Ridge, NY, with high visibility and traffic count on Main St (US Highway 209).; Includes a two‑story retail/office building, a 3‑bedroom house, and a groomed, fenced outdoor common area with a pavilion.; Features **28 parking spaces**.