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    1 Main St Walden, NY 12586

    Sponsored
    For Sale
    $749,900

    Profitable Restaurant & Apartments

    Property size:
    3,750 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional mixed-use property in Walden, NY, presents a lucrative investment opportunity. Located at 1 Main St, this three-story building boasts 3,750 square feet and comprises a former pizzeria restaurant and three residential apartments, currently housing four tenants under a modified lease. The property offers a compelling blend of commercial and residential income streams, providing a strong foundation for a solid return on investment. The asking price is $749,900, translating to $199.97 per square foot. The pro-forma net operating income (NOI) is calculated at $58,664, yielding a 7.82% capitalization rate. Recent updates include a new roof and hot water tank (2020), minimizing immediate maintenance concerns. Situated in the heart of Walden, this property benefits from its proximity to popular attractions such as Angry Orchard and Wooster Grove Park. The town's strategic location and upcoming dinosaur theme park promise continued growth and potential for increased property value. This turnkey operation is ready for a new owner to capitalize on its existing income and further develop its potential. The property features one building with four units and is situated in Orange County, NY, zip code 12586. This is a rare chance to acquire a well-maintained, income-generating property in a vibrant and growing community.

    Property Features for 1 Main St

    General Information

    Property type
    Restaurants
    Square Feet
    3,750 SF

    Building Details

    Buildings
    1
    Stories
    3
    Units
    4

    HighLights

    • $749,900 asking price for this mixed‑use property.
    • 3,750 square feet, with a price per square foot of $199.97.
    • 7.82% pro‑forma cap rate and $58,664 pro‑forma NOI.
    • Four units total: one commercial (former pizzeria) and three residential apartments.
    • Located at 1 Main St, Walden, NY 12586, in Orange County.
    • Features a three‑story building with recent updates including roof and hot water tank replacement (2020).
    Property Profile Location Intelligence

    Current Use by Public Records

    Giuseppe's Pizza Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Walden
    County
    Orange
    State
    New York
    Longitude
    -74.1873031
    Latitude
    41.560536

    Nearby Comparable

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    Nearby Similar for Sale

    • $349,000
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      31 S Montgomery St, Walden, NY 12586
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      Versatile Mixed-Use Building, Walden, NY

      Mixed-use building in Walden, NY with high visibility.
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      Retail Opportunity in Walden, NY

      Versatile retail building in Walden, NY with R4 zoning.
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    FAQs

    What type of property is this?
    Restaurant - Profitable Restaurant & Apartments
    Where is this restaurant located?
    The property is located at 1 Main St Walden, NY.
    What is the asking price?
    The asking price for this property is $749,900.
    What are key features of this property?
    This property features: $749,900 asking price for this mixed-use property.; 3,750 square feet, with a price per square foot of $199.97.; 7.82% pro-forma cap rate and $58,664 pro-forma NOI.
    Request Owner's contact information
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    Realmo Value Estimation

    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.

    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.

    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
    1 Main St Walden, NY 12586
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