Mixed-Use Investment Opportunity in
3749 Main Street Warrensburg, NY 12885
3749 Main Street, Warrensburg, NY, 12885
$309,900
For Sale
$309,900
Income-producing mixed-use property with retail and residential units.
Property Size2,376 SF
Price / SF$130.43
Days on Market65
Property Features for 3749 Main Street
General Information
- Standard status
- Active
- Size
- 2,376 SF
- Property subtype
- Commercial
Listing Agency
NEW SCOTLAND REALTY
(518) 964-2066
Listed by
MICHAEL RIZK
Source
Corcoran
Added: May 14 Checked: Jul 17 at 3:20 am
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 NEW SCOTLAND REALTY
Investment Insights
Based on property information with market context.
This mixed-use property is located in a high-visibility, high-traffic area on the main road in Warrensburg, directly across from Dollar Tree. The property features a retail storefront currently operating as a smoke shop, and a residential apartment above. Both units are currently rented on month-to-month leases. The retail storefront is rented for $1,500 per month, and the residential apartment is also generating $1,500 per month. The property includes one parking space in the rear along with a garage. The property benefits from strong exposure in a busy commercial corridor. The property is currently operating as mixed use but is not formally zoned, presenting potential future opportunities. The property size is 2376 square feet.
Key Highlights
- High‑visibility location on the main road in Warrensburg.
- Income‑producing property with existing retail and residential tenants.
- Current total rental income of $3,000/month.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $35.6k | $15.00 |
| − Vacancy | −$2.9k | −$1.20 |
| EGI | $32.8k | $13.80 |
| − OpEx | −$9.8k | −$4.14 |
| NOI | $23.0k | $9.66 |
2,376 SF · lease $15.00/SF/yr · vacancy 8.00% · expense 30.00%
Alternative Uses
Best Use
Mixed Use
$421.6K
$368.9K – $491.8K
NOI $29,510 @ 7.0% cap · market cap 9.52%
Second Best
Retail
$327.9K
$286.9K – $382.5K
NOI $22,952 @ 7.0% cap · market cap 7.41%
Theoretical Best
Office A
$711.2K
$622.3K – $829.7K
NOI $49,782 @ 7.0% cap · market cap 16.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Exotic smoke and convenience
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Income-producing mixed-use property with retail and residential units.
Where is this mixed-use property located?
The property is located at 3749 Main Street Warrensburg, NY.
What is the asking price?
The asking price for this property is $309,900.
What are key features of this property?
This property features: High‑visibility location on the main road in Warrensburg.; Income‑producing property with existing retail and residential tenants.; Current total rental income of $3,000/month.
