1 Main St Walden, NY 12586

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.