Retail Center With
For Sale
$1,600,000
36033611 3603-3611 Main St, Stone Ridge, NY 12484
Multi-building commercial property combines retail, office, residential, parking, and fenced outdoor amenity space.
Property Size7,028 SF
Lot Size1.60 Acres
Price / SF$227.66
Days on Market92
Property Features for 36033611 3603-3611 Main St
General Information
Standard status
Active
Size
7,028 SF
Total Parking Spaces
28
Lot size
1.60 Acres
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Floor
2
Office Units
4
Amenities
groomed fenced outdoor common area with pavilion
professional restaurant kitchen
Building Details
Year Built
1930
Buildings
3
Tenancy
Multi
Listing Agency:
Halter Associates Realty
Listed By:
Peter Cantine · License #10401312264
(845) 532-7119
Source:
Amodiorealestate
Added: Jul 16
Changed: Oct 4
Last Checked: Oct 7 at 1:09PM
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 Halter Associates Realty
Investment Insights
Based on property information with market context.
This shopping center property combines a two-story retail and office building, the adjacent Picard Building, and a separate three-bedroom residence. The commercial improvements include retail areas, a professional restaurant kitchen on the ground level, and four second-floor office suites. The residence dates to circa 1930 and includes one bathroom, providing additional support or living space. A fenced outdoor common area with pavilion complements the buildings, while the property offers 28 parking spaces across 1.6 acres.
The property is located on Main St, also identified as US Highway 209, in Stone Ridge, NY. The commercial building was formerly used by a meat company, and new unused equipment is available for negotiation. The overall property size is 7,028 square feet, with multiple building types supporting a range of retail, office, restaurant, and residential functions.
The property is located on Main St, also identified as US Highway 209, in Stone Ridge, NY. The commercial building was formerly used by a meat company, and new unused equipment is available for negotiation. The overall property size is 7,028 square feet, with multiple building types supporting a range of retail, office, restaurant, and residential functions.
Key Highlights
- 1.6‑acre property with 7,028 square feet of improvements
- Two‑story retail and office building plus the adjacent Picard Building
- Professional restaurant kitchen and 4 second‑floor office suites
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$138,047
Cap Rate
8.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,760,940
$2.8M
Cap Rate 7%
$1,972,100
$2.0M
Cap Rate 9%
$1,533,856
$1.5M
Market Conditions
NOI Build-Up for 7,028 SF
Gross rent
$210.8K $30.00/SF
− Vacancy
−$26.8K −$3.81/SF
EGI
$184.1K $26.19/SF
− OpEx
−$46.0K −$6.55/SF
NOI
$138.0K $19.64/SF
Area
Ulster County, NY
Vacancy
12.70%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,760,940
Cap Rate 7%
$1,972,100
Cap Rate 9%
$1,533,856
Alternative Uses
Best Use
Office B
$1.97M
$1.73M – $2.30M
NOI $138,047 @ 7.0% cap · market cap 8.63%
Second Best
Retail
$1.20M
$1.05M – $1.39M
NOI $83,682 @ 7.0% cap · market cap 5.23%
Theoretical Best
Multifamily LT 5
$65.72M
$57.51M – $76.68M
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
Current Use
Lease Details
4
Office units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
159
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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 Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Shopping center - Multi-building commercial property combines retail, office, residential, parking, and fenced outdoor amenity space.
Where is this shopping center located?
The property is located at 36033611 3603-3611 Main St 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: 1.6‑acre property with 7,028 square feet of improvements; Two‑story retail and office building plus the adjacent Picard Building; Professional restaurant kitchen and 4 second‑floor office suites
