Mixed-Use Retail and
5059 US HIGHWAY 209 Accord, NY 12404
5059 US HIGHWAY 209, Accord, NY, 12404
$700,000
For Sale
$700,000
Ground-floor retail is paired with a second-floor studio apartment overlooking Rondout Creek, plus a full basement.
Property Size1,976 SF
Price / SF$354.25
Days on Market179
Property Features for 5059 US HIGHWAY 209
General Information
- Standard status
- Active
- Size
- 1,976 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1925
Listing agency
Compass Greater New York, LLC
(718) 207-4144
Listed by
Daniel Romero
(718) 207-4144
Source
Xome
Added: Jan 25 Updated: Jul 22 at 11:30PM Checked: Jul 23 at 4:02AM
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 Compass Greater New York, LLC
Investment Insights
Based on property information with market context.
This mixed-use property includes ground-floor retail space and a second-floor studio apartment with a private deck overlooking the Rondout Creek. The retail level is configured as two separate storefront spaces with individual entrances, and it can be combined to nearly double the footprint of the wine shop; using the units as two separate retail spaces would require town approval. A full basement provides additional storage.
The property is located in the heart of Accord along highly visible Route 209 between Kerhonkson and Stone Ridge. The offering also includes the established Bluebird Wine & Spirits business, which has operated at the location since 2020.
Recent improvements reported over the past five years include a new roof, a new water heater, wood flooring in the smaller retail space, and updates to the residential studio.
The property is located in the heart of Accord along highly visible Route 209 between Kerhonkson and Stone Ridge. The offering also includes the established Bluebird Wine & Spirits business, which has operated at the location since 2020.
Recent improvements reported over the past five years include a new roof, a new water heater, wood flooring in the smaller retail space, and updates to the residential studio.
Key Highlights
- Ground‑floor retail with two separate storefront spaces and individual entrances (combining available; separate use requires town approval)
- Second‑floor studio apartment with a private deck overlooking Rondout Creek
- Bluebird Wine & Spirits business operating at the location since 2020
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 | $18.00 |
| − Vacancy | −$2.0k | −$0.99 |
| EGI | $33.6k | $17.01 |
| − OpEx | −$10.1k | −$5.10 |
| NOI | $23.5k | $11.91 |
1,976 SF · lease $18.00/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$336.1K
$294.1K – $392.1K
NOI $23,528 @ 7.0% cap · market cap 3.36%
Second Best
Mixed Use
$298.5K
$261.2K – $348.3K
NOI $20,896 @ 7.0% cap · market cap 2.99%
Theoretical Best
Multifamily LT 5
$18.48M
$16.17M – $21.56M
NOI $1,293,536 @ 7.0% cap · market cap 184.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Ground-floor retail is paired with a second-floor studio apartment overlooking Rondout Creek, plus a full basement.
Where is this mixed-use property located?
The property is located at 5059 US HIGHWAY 209 Accord, NY.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Ground‑floor retail with two separate storefront spaces and individual entrances (combining available; separate use requires town approval); Second‑floor studio apartment with a private deck overlooking Rondout Creek; Bluebird Wine & Spirits business operating at the location since 2020
