Mixed-Use Building with
For Sale
$365,000
46 Main Street, Phoenicia, NY 12464
Combined commercial and residential layout includes a deli storefront, living areas, kitchen, bathrooms, and an enclosed porch.
Property Size650 SF
Price / SF$561.54
Days on Market51
Property Features for 46 Main Street
General Information
Standard status
Active
Size
650 SF
Property subtype
Commercial
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$2,936
Amenities
Central air
Central Air Cooling
Building Details
Year Built
1950
Buildings
1
Listing Agency:
RUTH GALE REALTY
(845) 688-5610
Listed By:
RICHARD GREENSPAN · License #10301221384
(516) 305-2476
Source:
Corcoran
Added: Aug 18
Changed: Oct 3
Last Checked: Oct 5 at 6:57PM
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 RUTH GALE REALTY
Investment Insights
Based on property information with market context.
This mixed-use property pairs the Phoenicia Deli with substantial residential space in the same building. The commercial deli area measures approximately 650 square feet, while the first-floor residence provides about 1140 square feet with a kitchen, family room, coal fired type fireplace, half bath, and enclosed porch.
Upstairs, approximately 547 square feet includes a bedroom, sitting area, full bathroom, and an exterior deck overlooking Main Street. Built in 1950, the property is located at 46 Main Street in Phoenicia, New York, and combines storefront operations with on-site living space.
Upstairs, approximately 547 square feet includes a bedroom, sitting area, full bathroom, and an exterior deck overlooking Main Street. Built in 1950, the property is located at 46 Main Street in Phoenicia, New York, and combines storefront operations with on-site living space.
Key Highlights
- Approximately 650 square feet of deli space
- About 1140 square feet of first‑floor residential space
- Approximately 547 square feet upstairs with bedroom, sitting area, and full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,768
Cap Rate
3.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$255,360
$255.4K
Cap Rate 7%
$182,400
$182.4K
Cap Rate 9%
$141,867
$141.9K
Market Conditions
NOI Build-Up for 650 SF
Gross rent
$19.5K $30.00/SF
− Vacancy
−$2.5K −$3.81/SF
EGI
$17.0K $26.19/SF
− OpEx
−$4.3K −$6.55/SF
NOI
$12.8K $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%
$255,360
Cap Rate 7%
$182,400
Cap Rate 9%
$141,867
Alternative Uses
Best Use
Office B
$182.4K
$159.6K – $212.8K
NOI $12,768 @ 7.0% cap · market cap 3.50%
Second Best
Specialty Retail
$120.1K
$105.1K – $140.1K
NOI $8,406 @ 7.0% cap · market cap 2.30%
Theoretical Best
Multifamily LT 5
$6.08M
$5.32M – $7.09M
NOI $425,505 @ 7.0% cap · market cap 116.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
154
Businesses Nearby
Explore this area
Business Placement
Demographics for 12464, NY
955
Population
972
Households
1
Avg Household Size
55
Median Age
46%
College-Educated
97%
High-School Grad
45.3 sq mi
ZIP Area
21
Density / Sq Mi
$75,291
Median Household Income
$955
Median Rent
$368,400
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Combined commercial and residential layout includes a deli storefront, living areas, kitchen, bathrooms, and an enclosed porch.
Where is this mixed-use property located?
The property is located at 46 Main Street Phoenicia, NY.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: Approximately 650 square feet of deli space; About 1140 square feet of first‑floor residential space; Approximately 547 square feet upstairs with bedroom, sitting area, and full bathroom
