Mixed-Use Property with
For Sale
$430,000
42473 State Highway 28, Margaretville, NY 12455
A liquor store business is included, and the second-floor residence offers two bedrooms and river views.
Property Size1,848 SF
Price / SF$232.68
Days on Market181
Property Features for 42473 State Highway 28
General Information
Standard status
Active
Size
1,848 SF
Total Parking Spaces
8
Property subtype
Commercial
Zoning
BC
Financials
Average Monthly Rent
$1,250
Business Included
Yes
Units
Unit Mix
1 x 2BR
Multifamily Units
1
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$4,236
Amenities
river views
Building Details
Building Size
1,848 SF
Buildings
1
Listing Agency:
Coldwell Banker Easton Prop
(631) 586-6700
Listed By:
Alejandro Rosario
(631) 838-8462
Source:
Croninreale
Added: Apr 28
Changed: Oct 23
Last Checked: Oct 23 at 4:15PM
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 Coldwell Banker Easton Prop
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Investment Insights
Based on property information with market context.
At 42473 State Highway 28 in Margaretville, this 1,848-square-foot mixed-use property combines a liquor store business with a second-floor, two-bedroom apartment. The business conveys with the real estate; inventory is excluded. The renovated apartment has river views, and its tenant pays utilities. The property is zoned BC.
A separately deeded adjacent parcel of 0.47 acres is also available as part of a package. The land may accommodate a single-family residence, retail use, or a two-family home, according to the stated development options.
A separately deeded adjacent parcel of 0.47 acres is also available as part of a package. The land may accommodate a single-family residence, retail use, or a two-family home, according to the stated development options.
Key Highlights
- 1,848‑square‑foot mixed‑use property with liquor store business included; inventory excluded
- Renovated second‑floor apartment has 2 bedrooms and river views
- Apartment tenant pays own utilities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,230
Cap Rate
7.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$624,600
$624.6K
Cap Rate 7%
$446,143
$446.1K
Cap Rate 9%
$347,000
$347.0K
Market Conditions
NOI Build-Up for 1,848 SF
Gross rent
$46.6K $25.20/SF
− Vacancy
−$2.0K −$1.06/SF
EGI
$44.6K $24.14/SF
− OpEx
−$13.4K −$7.24/SF
NOI
$31.2K $16.90/SF
Area
Delaware County, NY
Vacancy
4.20%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$624,600
Cap Rate 7%
$446,143
Cap Rate 9%
$347,000
Alternative Uses
Best Use
Retail
$446.1K
$390.4K – $520.5K
NOI $31,230 @ 7.0% cap · market cap 7.26%
Second Best
Specialty Retail
$409.7K
$358.5K – $478.0K
NOI $28,680 @ 7.0% cap · market cap 6.67%
Theoretical Best
Office A
$906.7K
$793.4K – $1.06M
NOI $63,468 @ 7.0% cap · market cap 14.76%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
240
Businesses Nearby
20k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 52%
Shops & Services 48%
Super Foodtown
Groceries
10,548 visits/mo
0.4 miles
Speedway
Shops & Services
9,840 visits/mo
0.4 miles
Demographics for 12455, NY
1,820
Population
1,697
Households
1.1
Avg Household Size
56
Median Age
27%
College-Educated
91%
High-School Grad
71.3 sq mi
ZIP Area
26
Density / Sq Mi
$74,271
Median Household Income
$34,531
Median Earnings
$1,297
Median Rent
$219,600
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 - A liquor store business is included, and the second-floor residence offers two bedrooms and river views.
Where is this mixed-use property located?
The property is located at 42473 State Highway 28 Margaretville, NY.
What is the asking price?
The asking price for this property is $430,000.
What are key features of this property?
This property features: 1,848‑square‑foot mixed‑use property with liquor store business included; inventory excluded; Renovated second‑floor apartment has 2 bedrooms and river views; Apartment tenant pays own utilities
