Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    50 N Main St Ellenville, NY

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $750,000

    Former drugstore with parking and signage available for sale.

    Type:RETAIL
    Property size:
    6,369 SF
    Lot size:
    0.82 Acres
    Added:
    May 21, 2025
    Days on Market:
    315
    Last Refresh:
    Mar 29 at 11:10 pm

    Property Features for 50 N Main St

    General Information

    Standard status
    Active
    Size
    6,369 SF
    Lot size
    0.82 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Robert Nixon
    Robert Nixon

    Listing agent Robert Nixon License #10401253010

    Listing office Prendamano Real Estate (PreReal)

    Listing date May 21, 2025

    Source Moodyscre

    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 Prendamano Real Estate (PreReal)

    Overview

    Freestanding Retail Building For Sale

    This is a freestanding retail building formerly occupied by a Walgreen's. The property includes pylon signage and a large, private parking lot. It benefits from significant foot traffic. Nearby retailers include McDonald's, Taco Bell, and AutoZone. The building has a size of 6369 square feet.
    Location Intelligence

    Current Use by Public Records

    Walgreens Pharmacy Pharmacy Walgreens Photo (Bike/Boat/Book/etc) Store FedEx OnSite Postal Service 845-647-8016 Pharmacy Walgreens Pharmacy

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Walgreens Pharmacy — 50 N Main St, Ellenville, NY 12428
    • Matthews Pharmacy — 101 Canal St, Ellenville, NY 12428
    • Bruce E. Benishake, RPH — 101 Canal St, Ellenville, NY 12428
    • Michelle Stearns, LMHC — 101 Canal St, Ellenville, NY 12428
    • Bodi For Life — 216 Canal St, Ellenville, NY 12428

    Location Insight

    • Map
    • Local Demand
    City
    Ellenville
    County
    Ulster
    State
    New York
    Longitude
    -74.3928
    Latitude
    41.7199

    Nearby Similar for Sale

    • $399,999

      Charming Multifamily Home in Ellenville

      Multifamily home in a quiet neighborhood, close to local amenities.
      8 Bartlett Street, Ellenville, NY 12428
      View Details
    • $309,900

      Charming Two-Family Home in Ellenville

      Two-unit property with private entrances, garages, and yard space.
      4 Chapel Street, Ellenville, NY 12428
      View Details
    • $350,000

      Ellenville Duplex: Investment Opportunity

      Duplex with strong rental income, near amenities, ideal for investors.
      244 Canal Street, Ellenville, NY 12428
      View Details
    • $799,000

      Catskills Bungalow Colony on 32 Acres

      Charming bungalow colony with year-round homes on 32 acres.
      224 Camp Road, Ellenville, NY 12428
      View Details
    • $270,000
      1,593 SF

      Ellenville Duplex Investment Opportunity

      Two-unit property in Ellenville, NY, with reliable tenants.
      11 Tuthill Ave, Ellenville, NY 12428
      View Details
    • $299,000

      Two-Family Home with Barn

      Two-family home in Ellenville, NY, with potential for additional dwelling.
      5 Park Street, Ellenville, NY 12428
      View Details
    • $900,000
      22,024 SF

      Ellenville Commercial Space For Sale

      Move-in ready commercial space in Ellenville with loading docks.
      46 Canal Street, Ellenville, NY 12428
      View Details
    • $400,000
      4,200 SF

      Ellenville Retail and Office Space

      Historic brick building in vibrant downtown Ellenville, New York.
      129 Canal Street, Ellenville, NY 12428
      View Details
    • $550,000
      3,000 SF

      Multifamily Property in Ellenville

      Five-unit multifamily property on 0.45 acres in Ellenville, NY.
      21 1/2 Nevins Street, Ellenville, NY 12428
      View Details
    • $475,000

      Ellenville Multifamily Investment Opportunity

      Almost fully occupied multifamily property with additional garage rental income.
      6-8 Backman Avenue, Ellenville, NY 12428
      View Details
    • $900,000

      Ellenville Commercial Space For Sale

      Move-in ready commercial space in up-and-coming Ellenville, New York.
      46 Canal Street, Ellenville, NY 12428
      View Details
    • $799,000

      Catskills Bungalow Colony on Acres

      32.7-acre Catskills hideaway with eight units and pool.
      224 Camp Road, Ellenville, NY 12428
      View Details

    FAQs

    What type of property is this?
    Drug store - Former drugstore with parking and signage available for sale.
    Where is this drug store located?
    The property is located at 50 N Main St Ellenville, NY.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: Freestanding retail building; Large private parking lot; Pylon signage available
    (718) 866-8683
    We can help!
    Listing Contact
    Robert Nixon
    Robert Nixon
    Real Estate License ID: 10401253010
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!