7174 Route 209, Wawarsing, NY 12489

Building Details

Building Size 2,720 SF More

Year Built 2000 More

Listing Agency: Corcoran Country Living

Listed By: Simone Consor · License NY #10401350029 Show Phone

Source: Elliman

Added: Mar 11 Changed: Aug 22 Last Checked: Aug 14 at 6:03AM

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Investment Insights

Based on property information with market context.

Located in Wawarsing on Route 209, approximately 75 minutes from NYC, this commercial property offers a 3000 sq ft mixed-use space on a half-acre lot. Previously home to Pfalzerbrau, a craft brewery, the property features ample parking and privacy fencing. The interior includes multiple rooms suitable for storage, office use, and flexible workspace. An insulated room, formerly used for refrigeration, and a main tasting room, which served as a taproom and food concession area, are present. The property also contains two full bathrooms and one-half bathroom. The warehouse space provides 2000 sq ft with a 16' ceiling height. There are three separate electric meters and a designated utility room with a separate 200 AMP service. A new water main was installed in 2023, complementing an existing on-site well. The property offers the potential to be a live/work space. Subject to municipal approvals and permits, the building could continue as a microbrewery or be adapted for other uses.

Key Highlights

• 3000 sq ft mixed‑use space on a well‑maintained half acre in the heart of Wawarsing on Route 209.
• Only 75 minutes from NYC, offering accessibility and convenience.
• Previously a gold award‑winning craft brewery (Pfalzerbrau) with established history and potential for continuation.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$31,725

Cap Rate

8.24%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$634,500 $634.5K

Cap Rate 7%

$453,214 $453.2K

Cap Rate 9%

$352,500 $352.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,000 SF

Gross rent

$54.0K $18.00/SF

− Vacancy

−$3.2K −$1.08/SF

EGI

$50.8K $16.92/SF

− OpEx

−$19.0K −$6.34/SF

NOI

$31.7K $10.58/SF

Area

Ulster County, NY

Vacancy

6.00%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$634,500

Cap Rate 7%

$453,214

Cap Rate 9%

$352,500

Alternative Uses

Best Use

Mixed Use

$453.2K

$396.6K – $528.8K (±1% cap)

NOI $31,725 @ 7.0% cap · market cap 8.24%

Second Best

Industrial

$251.6K

$220.2K – $293.6K (±1% cap)

NOI $17,615 @ 7.0% cap · market cap 4.58%

Theoretical Best

Office A

$1.26M

$1.10M – $1.47M (±1% cap)

NOI $87,998 @ 7.0% cap · market cap 22.86%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Breweries

Suggested Use

Top Pick HVAC Service Plumbing Service Auto Repair Shop Storage Facility Kitchen & Bath Showroom Tanning Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

49

Businesses Nearby

Explore this area Business Placement

Demographics for 12489, NY

267

Population

81

Households

3.3

Avg Household Size

43

Median Age

18%

College-Educated

100%

High-School Grad

3.6 sq mi

ZIP Area

74

Density / Sq Mi

$26,100

Median Household Income

$245,200

Median Home Value

Market

Average Price Trend$/SF for Mixed-use properties in Ulster County, NY

$267 Jul

$238 Aug

$321 Sep

$287 Oct

Properties on Market for Mixed-use properties in Ulster County

Jul

Aug

Sep

Oct

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - 3000 sq ft mixed-use space with endless potential.

Where is this mixed-use property located?

The property is located at 7174 Route 209 Wawarsing, NY.

What is the asking price?

The asking price for this property is $385,000.

What are key features of this property?

This property features: 3000 sq ft mixed‑use space on a well‑maintained half acre in the heart of Wawarsing on Route 209.; Only 75 minutes from NYC, offering accessibility and convenience.; Previously a gold award‑winning craft brewery (Pfalzerbrau) with established history and potential for continuation.